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“Today’s announcement represents a powerful step in our fight for affordable housing and tenant rights,” said Council Member Shaun Abreu. “By restoring rent stabilization, reducing rents, and adding more affordable units across the city, we are not only addressing past wrongs but also reaffirming our commitment to a fair and accessible housing market for all New Yorkers. This significant achievement, made possible through the collaboration between the Attorney General’s office and the New York State Homes and Community Renewal, reflects our dedication to holding accountable those who undermine our housing laws. With leadership from Attorney General James, we are working to ensure that every New Yorker enjoys the stability and security they deserve, building a stronger and more equitable city for everyone.”