On June 14, the State Legislature in Albany passed a bill that will profoundly change the tenor of life in New York City. The law—known officially as the Housing Stability and Tenant Protection Act of 2019, but dubbed by its advocates “universal rent control”—strengthens tenant protections for the city’s nearly one million privately owned, rent-stabilized apartments. The release from distress for thousands of people facing the prospect of displacement will ripple through the city. With the passage of this bill, the lament that has become a cliché—that New York has lost its soul, that it offers no space for the unconventional, that it is home only to the rich and ruthless—will be significantly less true.
Source : A Historic Win for New York Tenants
