Re: Pre-1974 rental developments:
Building owners claim that just leaving Mitchell-Lama is a "unique or peculiar circumstance" under the Emergency Tenant Protection Act that would justify raising rents to market rate. While NYS's Division of Housing & Community Renewal (DCHR) passed regulations to the contrary, closing that loophole, owners Larry Gluck of Stellar Management and Steven Witkoff of Witkoff Realty among others have brought law suits against those regulations.
What happens to us depends on how the state's courts interpret the law, as landlords appeal the new regulations - and whether the newly-Democratic-majority State Legislature passes new legislation. As of now:
The new regulations, if they stand up to court appeal, may save thousands of apartments of New York City's stock of affordable housing. This is the result of the work of hundreds of tenants and tenant advocates. You can thank Commissioner Deborah Van Amerongen and urge her, Governor David Paterson and your state legislators (click here for the legislators for your development) to support legislation to make these changes permanent (statutes have more authority than regulations).
Re: Buildings built from 1974 on:
While tenants in the pre-1974 buildings must keep paying lawyers thousands of dollars to protect their homes, the most vulnerable buildings were built from Jan. 1, 1974 on because they are allowed to go to market rate on leaving Mitchell-Lama -- leaving the tenants facing eviction, or short-term government subsidies to postpone steeper increases. In some cases strong tenant associations have been able to negotiate "landlord assistance plans" to keep their homes affordable.