The majority leader said that his plan would end rent protections on 80 percent of regulated apartments within 14 years.
"Who's really behind the threat to end rent protection for two million New York tenants?"
The only reason we still have a middle class, in many respects, is due to the rent protection that is absolutely necessary.
By comparison, 1,000 apartments a year lost rent protections under the previous law.
Placed on the back burner, however, were several proposals to strengthen rent protections.
The Democratic Assembly has already passed a bill to continue rent protection.
He doesn't see the need to fight to make sure 2.6 million New Yorkers continue to have rent protection.
And tenants can count on him to save rent protection.
Tonight's agreement is intended to end rent protections for wealthy tenants in two ways.
To reach an agreement on an extension, the Democrats will have to accept some further erosion of rent protections.