Tenants know who’s owned in Albany
On April 6, I attended a rent law town hall hosted by Cooper Square Committee. Our Senator Brad Hoylman, Assemblyman Harvey Epstein, former Assemblyman (now Senator) Brian Kavanagh and other electeds were there. They described the rich possibilities to strengthen the rent laws this year, as the Democrats hold the biggest majority in the State Senate since 1912. It was a veritable love fest of pro-tenant legislative possibilities they put forth.
But the landlord lobby still looms, which Hoylman explained as the reason his Pied-a-Terre Tax was axed out of the budget. I think the Pied-a-Terre Tax is magnificent and have cheered Hoylman on for years. It would have raised almost double for the MTA what its substitute, the congestion pricing plan which did pass, is projected to raise.
That the landlord lobby killed it is potent: there is no single politician in NY today who has gotten more money from real estate interests than Andrew Cuomo. He is the landlord lobby’s #1 favorite politician to fund. I think Senator Hoylman is being charitable in blaming “the landlord lobby.” I say follow the money.