Bay Ridge lawmakers say rent law needed tweaking
State Assembly members representing Bay Ridge all voted in favor of legislation extending New York City’s rent control law and each pointed to what they said are positive changes in the legislation that will help tenants and homeowners.
The State Legislature approved the rent law extension in the final hours of the 2015 legislative session on Thursday.
Assemblymember Alec Brook-Krasny (D-parts of Bay Ridge-Coney Island) said tenants aren’t the only people who will benefit from the legislation. The state also stepped in to help homeowners by keeping property taxes under control, he said.
“The rent regulation package includes measures to help renters by raising the rent de-control threshold, tying future increases to this threshold to housing prices, and extending rent regulation for another four years, but it also helps homeowners by keeping property taxes under control and providing a property tax rebate for people all across New York,” Krasny said.