Rent rules top agenda as legislative deadline nears
Time is running out for the more than 2 million tenants covered by New York City’s rent laws while a deal to renew the regulations continues to elude New York state lawmakers.
The law governing the rent regulations will expire Monday if lawmakers do not act to extend them. Democratic lawmakers from New York City want the rules strengthened, but their plan faces opposition in the Republican-led Senate. A vote to renew the rent law is still expected, though the length of the extension remains unsettled and big changes to the policy appear unlikely.
The rent laws are the most significant of several outstanding issues facing lawmakers before they are scheduled to adjourn their 2015 session on Wednesday. A key real estate development tax break also expires this month and must be renewed if it is to continue. Several other measures await votes, including bills to address campus sexual assault and ban the sale of toys with potentially toxic chemicals.