June 22, 2023, published by Council Member Carlina Rivera and Council Member Lincoln Restler
In the midst of a persistent housing crisis, there are tens of thousands of rent-stabilized apartment units sitting vacant across New York City, as speculators and unscrupulous landlords contribute to scarcity and a lack of affordability.
In March 2021, The Real Deal reported that landlords had removed over 1,800 apartment listings in Manhattan alone, a number three times higher than in February 2020, and that they were leaving them empty in response to the 2019 Housing Stability and Tenant Protection Act passed in Albany, which was intended to strengthen tenant protections and make the housing market more fair.
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