Joe.My.God. LGBT News
Gothamist reports:
Ex-Gov.Andrew Cuomo is resuscitating his moribund mayoral campaign with a catty new social media presence and a populist housing policy proposal favored by opponents of rent regulations: kick the “wealthy” out of rent-stabilized apartments. After the post went viral, Cuomo doubled down by proposing a new regulation on rent-regulated apartments that would prohibit landlords from leasing their vacant units to “the wealthy” and instead require them to find tenants for whom the rent equals at least 30% of their income.
Mamdani on Monday told reporters that Cuomo “had many years to implement any one of these kinds of critiques into policy” during his decade as governor, since the state sets and oversees the city’s rent regulations. In 2019, Cuomo eliminated another form of means-testing when he signed a law that prohibited landlords from deregulating apartments if tenant earnings topped a certain amount.
Housing experts say it would create a bureaucratic nightmare for an already strained state housing agency that oversees a system with roughly 1 million apartments. “The idea of suddenly having to take in income information and verify incomes every single year, they just aren’t going to be able to do that,” said Oksana Mironova, a housing policy analyst with the Community Service Society, which supports rent regulations.
Read the full article. Bolding above is mine.
The Rent Guidelines Board determines the maximum annual increase – usually around 3% to 6% – in a round of combative public hearings attended by landlords and tenant advocates.
Fox News and MAGA outlets are deliberately conflating rent stabilization with rent control, which ended in 1971.
And as you can see below, Cuomo – who knows the difference better than anybody – is himself lying that Mamdani “occupies a rent-controlled apartment.”
Cuomo’s post below has gone wildly viral thanks to the cult and presently has over 34 million views. A coalition of NYC landlords has donated $2.5 million to a pro-Cuomo PAC.