(DNAINFO) Jeff Mays — State lawmakers reached a tentative agreement Tuesday on a range of issues that affect millions of New Yorkers including an extension of rent regulations and mayoral control of the schools.
Rent regulations, which control how much landlords can charge for more than 1 million rent stabilized city apartments, will be extended for four years, Gov.Andrew Cuomo said at a press conference with Assembly Speaker Carl Heastie and Senate Majority Leader John Flanagan.
Cuomo and Mayor Bill de Blasio had called not only for a renewal of the laws but to strengthen them as well. De Blasio wanted to eliminate vacancy decontrol where an apartment can be removed from regulation once it reaches $2,500 per month.
Source: Cuomo Reaches Tentative 4 Year Rent Regulation Extension – Midtown – DNAinfo.com New York