New York’s powerful real estate industry is engaged in parallel fights to block legislation that would require landlords to have good cause for evicting tenants and to retain a controversial property tax exemption that costs New York City residents billions of dollars annually without meaningfully expanding affordable housing.
MAJOR CAPITAL IMPROVEMENTS: AN UNJUST SYSTEM THAT ENRICHES LANDLORDS AT THE EXPENSE OF RENT-BURDENED NEW YORKERS
Major Capital Improvement (MCI) increases are one of several tactics that landlords exploit to raise rents and drive displacement. With monthly MCI rent hikes as high as $800 per apartment, the Upstate-Downstate Housing Alliance urges Albany to stand with tenants and eliminate MCI rent increases.
How women are impacted by New York State’s rental housing crisis. Every night, more than 92,000 people in New York State — many of whom are women, and many of whom are women of color — sleep in a shelter. The rise in housing costs, combined with a lack of strong tenant protections, is a primary contributing factor.
Across the state, a growing number of low-income tenants are vulnerable to becoming homeless, and Governor Cuomo bears responsibility for their situation. This report from the Housing Justice for All Campaign shows that Cuomo’s failure to deliver stronger protections for tenants and take meaningful action to address homelessness over the past seven years has played a significant role in fueling the current housing crisis impacting many New Yorkers.