"The panel's moderator, David Weiss of Cornell Law School, called the state of the city's housing stock a slow-motion train wreck. Rob Ehrlich, a landlord-side housing attorney with Lazarus Karp Ehrlich McCourt and a member of the RGB, said the pressure on housing stock in northern Manhattan and the Bronx, where buildings are often over 100 years old, is immense. The physical plans of those buildings need a lot of maintenance, and the owners don't have the money for that maintenance, he said, Doug Apple, the former chair of the RGB whom Eric Adams appointed in 2025, suggested that a rent freeze would be detrimental to these types of buildings."
"Tim Collins, a tenant-side housing attorney and partner at Collins, Dobkin & Miller, argued that over the past 36 years, rent-stabilized landlords have, on average, accumulated more than enough money to account for operating costs and inflation, according to data he pulled from RGB-"
The Rent Guidelines Board voted to consider a rent freeze for rent-stabilized apartments. Housing experts described much of New York City’s aging affordable housing stock as being in serious condition, with buildings often decades old and at risk of not receiving needed repairs. A landlord-side attorney said pressure is especially intense in northern Manhattan and the Bronx, where many buildings are over 100 years old and owners lack funds for maintenance. A former RGB chair warned that even small rent increases help cover inflation and that a freeze could accelerate distress. A tenant-side attorney argued that over decades, landlords have accumulated enough money to cover operating costs and inflation.
Read at www.amny.com
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