The Tenants Not Tourists coalition is actively urging the NYC Council to reject Airbnb's Intro 1107, a bill they believe will risk thousands of rental units. Over 300 tenants rallied at City Hall, supported by various lawmakers and organizations focused on tenant rights. They argue that this bill could worsen New York's housing crisis by allowing landlords to remove substantial rental units from the market, thereby raising prices and increasing private equity control. The coalition aims to preserve protections from Local Law 18 of 2021, which effectively regulated short-term rentals and reduced illegal listings.
Tenants Not Tourists coalition sent letter to Council leadership, urging Council to reject Airbnb's bill and stand with vast majority of New Yorkers who rent their homes.
The City Council has promised to address our historic housing crisis and provide stable, affordable homes, but it cannot do that by passing legislation that would pull the rug out from under tenants.
According to Gordon, the bill could create loopholes that lead to increased private equity acquisitions of apartments and inflated rental prices.
The coalition emphasized that passing Intro 1107 would roll back protections established by Local Law 18 of 2021, which was designed to regulate short-term rentals effectively.
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