Officials Brace for Rent Crisis


Lawmakers and officials in New York City began creating contingency plans in case Albany lawmakers fail to renew rent regulations.
News Story (New York)

Mara Gay
Wall Street Journal (WSJ)
June 12, 2015
Full story

Tags: Housing: Landlord-Tenant

Organizations mentioned/involved: Legal Aid Society (New York City)


DETAILS

Judith Goldiner, an attorney-in-charge of the Civil Law Reform Unit at the Legal Aid Society, said anxiety over rent regulations throughout the city was intense.

She said the average salary of New Yorkers living in rent-regulated apartments is $40,000 a year.

“This is a very scary moment. These are not people who can afford increases,” Ms. Goldiner said.