By Maria Rocha-Buschel
Assemblymember Harvey Epstein’s office sponsored a forum on Thursday at the NYU Dental School on East 24th Street regarding the rent laws that passed in June to answer questions that tenants have about rent regulation and affordable housing protections.
State Senators Brad Hoylman and Liz Krueger, as well as Assemblymember Deborah Glick, Councilmembers Keith Powers, Carlina Rivera and Ben Kallos, were also in attendance, and Legal Aid housing attorney Ellen Davidson was available to answer questions about the complex aspects of the new laws.
“The MCI section [of the rent laws] is just like MCIs: very complicated,” Davidson said of one of the parts of the law most difficult to understand. “[The Division of Housing and Community Renewal] will have to set a schedule of reasonable costs of what can be recovered but they have to do it quickly because they can’t do any work until it’s approved.”
One of the victories that state legislators claimed in the passage of the rent laws was an annual cap on MCIs, or major capital improvements, at 2%. The previous cap was 6%. The new law also caps the amount that a landlord can pass on to tenants after a vacant apartment is renovated at $89, while also eliminating the previous 20% vacancy bonus that landlords could add after tenants moved out.