The Cuomo administration is seeking to ensure rent regulation is reformed, in part, by trying to keep $16 million from the body that enforces rent rules. The state’s proposed budget includes a clause that would hold $8 million this year, and another $8 million the following year, from the Office of Rent Administration and another fund controlled by the state’s housing regulator if the “Rent Regulation Act of 2019” doesn’t pass. The “Rent Regulation Act” […]
source https://therealdeal.com/2019/01/23/heres-one-way-to-change-rent-regulation-hold-16m-hostage/
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