Tom Waters and Victor Bach, Housing Analysts for the Community Service Society, have published a new Policy Brief exploring the effects that the vacancy decontrol of rent-stabilized apartments is having on low-income New Yorkers.
Click here for the article.
Tom Waters wrote, "Although rent regulation is not a low-income housing program but rather a program to prevent excessive rents resulting from the city’s chronic housing shortage, it does reach a population with lower incomes than the city as a whole."
The authors "find that vacancy decontrol is not only affecting high-income areas, but causing rapid changes in areas of Upper Manhattan, Queens, and Brooklyn where many low-income New Yorkers live."
