Mayor Eric Adams signed a law Wednesday impacting rent-stabilized apartments in New York City.
"I am pleased that my first bill signing and hearing is one that gets stuff done for New York City renters and working people," said Mayor Adams."Too many New Yorkers are struggling to keep a roof over their heads and put food on the table, and this bill provides the time needed for the city to make an informed decision on the extension of rent stabilization."
"The Housing and Vacancy Study is a critical tool in tracking our housing stock and understanding the realities on the ground for New Yorkers trying to find an affordable home for their families," said New York City Chief Housing Officer Jessica Katz."I am grateful to Councilmember Sanchez for understanding how important it is for the city to have adequate time to accurately assess the state of our housing market.
The next survey, scheduled for 2020, was postponed to 2021 due to the Census, extending the housing shortage determination period until April 1, 2022, and now July 1.
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