Leaders of the Cooper Square Committee and the Good Old Lower East Side are organizing a free bus trip to Albany Monday so East Villagers can speak out in favor of changes to New York City rent laws.
“We’re planning to have a rally inside the Capitol,” said Georgina Christ, housing chairperson for Cooper Square Committee. “We’re just gonna make noise and try to talk to the elected officials.”
At issue is how and at what rate landlords will be allowed to raise rent in future years. Rent prices are a particularly hot-button issue for locals since the East Village is the home of some of the city’s most expensive rental properties.
As the law stands, Ms. Christ said, landlords are allowed to dramatically raise the rent of a property after a tenant has moved out, a practice known as “vacancy decontrol” that prevents future tenants from paying the same price for rent. Wasim Lone, the housing services director for Good Old Lower East Side, said vacancy decontrol is responsible for tens of thousands of vacant units around the East Village and the Lower East Side.
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