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421G - Another Huge Win for Lower Manhattan Tenants

On the heels of the biggest win in Albany for NYS tenants in over a generation, Lower Manhattan tenants just won another huge victory today. The Court of Appeals ruled that thousands of apartments in buildings in our neighborhood that received 421-g tax abatements are subject to rent stabilization, regardless of the rent on the apartment. These apartments are no longer subject to “luxury” decontrol. This means that thousands of downtown families now have the security of knowing they can live here without fear of eviction or unconscionable rent increases.

I am tremendously proud to have worked for over 10 years to extend rent regulation to 421g tenants. But the largest credit goes to the champion of Lower Manhattan affordable housing, the late Tom Goodkind. Tom’s passing earlier this year was a huge loss to our community. So it is especially moving to see his legacy so affirmed and made permanent today.

Credit is also due to attorney Serge Joseph of Himmelstein, McConnell, Gribben, Donoghue & Joseph LLP, who tirelessly – and effectively - represented downtown tenants in this fight for years. Further praise, of course, goes to the hundreds of tenants who stood together and organized for today’s victory.

Communities cannot thrive unless residents know they are secure in their homes. People do not invest the psychic energy it takes to make a geographic area a neighborhood if they can be evicted at any time. Today’s win will pay dividends for Lower Manhattanites for decades to come. It is cause for celebration.

Yours,
Paul

P.S. – The full Court of Appeals decision is at: http://www.nycourts.gov/reporter/3dseries/2019/2019_05057.htm?fbclid=IwAR00trQGdufQk89C5VtR_89EjjCSfE8ho4pGCo59SIFZdGLAhB_7IsKnaLw

P.P.S. – Today is election day for large parts of NYC, including all of Brooklyn and Queens, much of the Lower East Side and more (though not in BPC, FiDi, Tribeca, SoHo or most other Lower Manhattan neighborhoods). See if you have an election to vote in at https://nyc.pollsitelocator.com/search. For my takes on a few key races, go to: http://www.newellnyc.org/primary-guide-2019


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