Observer: Council Speaker Launches ‘Task Force’ to Save Rent-Regulated Apartments

By Will Bredderman

May 13, 2015

Photo: William Alatriste/New York City Council

Council Speaker Melissa Mark-Viverito announced today the formation of a new, 14-member “Affordable Housing Preservation Task Force” consisting of council members whose districts have hemorrhaged rent-regulated apartments—and several of which are targeted for “upzoning” for greater development under Mayor Bill de Blasio’s affordable housing plan...

“It’s going to create pressure in those neighborhoods, because it’s going to increase property values. And for buildings that are in programs that are expiring out, it’s just going to make market-rate that much more attractive,” Mr. Levine told the Observer, even as he called upzoning “the best tool we have to get more affordable housing.”

 

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