Tenants asked to speak at Council hearing on rent stabilization

The Stuyvesant Town-Peter Cooper Village Tenants Association is asking neighbors to share their stories about why rent stabilization is needed at an upcoming hearing.

On Monday, March 19 at 1 p.m. the City Council Housing and Buildings Committee has scheduled a public hearing on two measures introduced by City Council Speaker Corey Johnson. One is to renew the city rent control law (which doesn’t apply to ST/PCV), and the other (Intro 600-A) is to renew the NYC Rent Stabilization Law of 1969 (which does), for three more years.

In an email to residents on Friday, the TA stated, “As long as the city vacancy rate is below 5 percent the city can renew a declaration of housing emergency. The vacancy rate is currently 3.63 percent, according to the Census Bureau.”

Tenants will have the opportunity to give testimony or simply attend the hearing to support neighbors.

On Wednesday, March 21 at 1:30 p.m., the full City Council will tentatively vote on these two measures. The TA is urging tenants to attend this event as well.

“Pack the balcony of the City Council chamber! Show the City Council how important this issue is to you,” the TA said in the email.

The NYC Rent stabilization (Intro 600-A) must be signed into law by the mayor. The mayor is required to give 10 days’ notice of the bill-signing hearing. This year, 10 days falls on Sunday, April 1 (Easter Sunday), so the hearing is tentatively rolled over to Monday, April 2.

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