We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
Two bills were introduced recently in the NY State Senate and Assembly that propose removing the vacancy rate from the criteria for rent regulation until two years after the state’s Covid-19 emergency declaration is over. The legislation, introduced by Manhattan Democrats Senator Brad Hoylman and Assemblyman Harvey Epstein, would put a pause on the official count of the city’s vacancy rate, which is completed by the city Department of Housing Preservation and Development and the U.S. Census Bureau.
