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1969 Rent Stabilization system introduced
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State Legislator Enacts Vacancy Decontrol (repealed 3 years later)
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1974, Tenant Evictions start to climb dramatically from baseline of 12,000
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Housing Built After 1974 exempt from caps on Rent Increases
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State Legislature repeals Vacancy Decontrol
soaring rents found in decontrolled apartmentshttps://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high -
1981 Vacancy Rate of Stabilized Units 2.8%
1994 Rent Guidelines Board Researchhttps://www.documentcloud.org/documents/3238256-1994-Rent-Guidelines-Board-Research.html#document/p88/a331812 -
1984 Net Vacancy rate at 2.3%
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1987 Net Vacancy Rate of Stabliized Unites 2.6%
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New Units at about 9000 units in 1988
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New Units at 11,900 in 1989
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New Units in 1990 at about 6500
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35,000 buildings delinquent on taxes in 1991, city owns 38,999 units, 2,950 in rem apartment houses
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New Units at 3900 in 1992 and 144000 units getting J-51 tax abatements
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Limited Vacancy Decontrol occurs
https://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high, only a 'handful of tenants' affected, massive payment of RSA to senate republican committee -
New Units at 5600 in 1993 and 122000 units getting j-51 abatements
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Vallone's Chief of Staff goes to work for Rent Stablization Association
https://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high By 2014 he was making almost $800,000 a year. -
Guiliani's City Council Votes for 'Vacancy Decontrol' of 860,000 apartments.
https://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high
"For every rental unit added to the housing stock between 1993 and 2014" nine people moved into New York..." 860,000 units were stabilized and by Dec '16 we lost 250,000 of them. by 2016, 1/3 of New Yorkers are paying at least half their income in rent. Homeless in 2016 is double what it was in 1994. -
In 1994, 544 units deregulated, later a tsunami
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5030 buildings still owned by city 'in rem'
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1995, Guiliano extends decontrol to downtown offices converted to apartment buildings
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State Housing Agency deregulates thousands of units in older renovated buildings with tax subsidies
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State legislature strips city Council of right to repeal vacancy decontrol
https://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high, surge in evictions over next decade. -
1997, State legislature allows landlords to raise rents by 20% whenever a stabilized apt. goes vacant
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Landlords get right to collect rent increases retroactively
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2007 survey finds 1,723 abandoned buildings with 11,170 apartments, and 505 vacant lots in Manhattan
enough to house all the homeless!http://picturethehomeless.org/project/homeless-people-count-vacant-property-in-manhattan/ -
Evictions Grow dramatically in Jan of 2013 for next 1.5 years
https://www.propublica.org/article/the-vote-that-made-new-york-city-rents-so-high
Between January 2013 andJune 2015, just 1.5 years, more than 450,000 evictions cases were filed, less than 10% of all identified landlords were responsible for 80% of the cases. -
2014 Housing Not Warehousing Bill passed in City Council
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NYCHA mismanagement keeps 2,000 apartments unoccupied
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Rent Stablized apartments down to 610,000
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1/3 of all NYCHA apartments under-occupied, half by seniors
that is 57,155 under-occupied apartments with extra bedrooms. new generation is "locked outhttps://www.citylab.com/equity/2017/12/the-hidden-rooms-within-new-yorks-public-housing/548198/ -
Airbnb has removed 7-13,000 housing units from the long-term market, has increased city rents by 1.4% in just three years 2015-2018
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Nearly 250,000 rental apartments sit vacant (11% of rental units)
https://www.6sqft.com/nearly-250000-nyc-rental-apartments-sit-vacant/, of these 28,000 rented/sold but not yet occupied, 80,000 are being renovated, 96000 tied up in court,and 12,700 are vacant because onwer is ill or elderly. That leaves over 100,000 units, off market "temporarily or seasonally" with 27,000 off market for "unexplained reasons.". 75000 of the seasonal ones could be considered "pied a terres." -
75000 units are pied a terres, up from 9,287 in 1987.
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2007 Anti-warehousing Bill fails to get traction in City council