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Rent Regulations for New York City Apartments Expire

Rent regulations that limit how much landlords can charge for many apartments in New York City and a number of surrounding communities were set to expire on Monday and lawmakers here did not appear close to a deal to extend or modify them.

Rent regulations that limit how much landlords can charge for many apartments in New York City and a number of surrounding communities were set to expire on Monday and lawmakers here did not appear close to a deal to extend or modify them.

 

Mayor Bill de Blasio said on Sunday that the situation was “outrageous” and called on New Yorkers to make their voices heard in Albany. “This is just unacceptable,” he said, speaking to reporters at the National Puerto Rican Day Parade in Manhattan. “There are over two million New Yorkers right now who woke up this morning not knowing what was going to happen to their future because Albany is not acting.”

 

About one million apartments in New York City are covered by the rent regulations.

 

Democrats in the Assembly, along with Gov. Andrew M. Cuomo, have said they want to extend and strengthen the regulations in an effort to slow the speed at which rent-stabilized apartments are converted to market rates. Republicans, who control the Senate, have proposed extending the law for eight years, but critics say the plan does not do enough to help tenants.

 

Caroline Cournoyer is GOVERNING's senior web editor.