Not all involved rent-regulated units, but many do.
And, in some less desirable neighborhoods, market-rate apartments may actually be lower priced than some rent-regulated units.
But on the rent-regulated units, we did absolutely only what the law required.
In many cases, the resident shareholders allegedly harmed were "insiders" who knew that a significant percentage of the rent-regulated units would not be purchased.
Mr. Bruno - who cheerfully concedes that his district has no rent-regulated units - insists that his opposition is a matter of principle.
Also, is there any place where we can read the rules and regulations that cover rent-regulated units?
In order to maintain a rent-regulated unit, it must remain the tenant's primary residence.
There are about one million rent-regulated units in the city.
Landlords contend that such succession rules have allowed families to keep rent-regulated units off the open market for generations and are sure to slow down deregulation significantly.
Should the mayor's proposal become law, it would be the first legislative change adding to the city's stock of one million rent-regulated units since 1971.