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At a recent press conference, Gov. Cuomo rejected the idea of eliminating the major capital improvements (MCIs) and individual apartment improvements (IAIs) mechanisms for recouping owner capital investments in rent-regulated buildings. He said the package of reforms he and the state Legislature must agree upon should retain MCIs and IAIs but limit how long building owners can increase rents after improvements. "I support reforming them so that they're fair to the tenants," said Cuomo. "You want people to do capital improvements.
