Roughly a quarter of the population of New York City depends on rent regulation laws that keep their homes affordable. On June 15th, those laws are set to expire, threatening the city's one million rent-regulated apartments and the ability of New Yorkers to stay in their neighborhoods.
The State Assembly has already taken action to support those tenants, and I am calling on their partners in Albany to step up and safeguard New York City as a city for everyone. By truly strengthening the rent laws, they can help New Yorkers stay in their neighborhoods. And by passing a small tax on the sale of the most expensive homes in the city, Albany could help provide the precious resources we need to fund 37,000 affordable apartments-enough to house 95,000 more people.