When it comes to affordable housing, rent-stabilized landlords aren’t the problem. They’re the solution.

5

This piece was written by Janice Hamilton and Lincoln Eccles.  Hamilton provides affordable rent-stabilized housing to families in her 8-unit building in Prospect Heights, while Eccles houses 14 families in his rent-stabilized building in Crown Heights.

Rent-stabilized buildings like ours are family businesses. Our immigrant grandparents and parents came to America from places like the Caribbean, Asia, Latin America, and Eastern Europe. We grew up in these buildings. We are in this for the long term.

Operating a rent-stabilized property is difficult because most buildings were built before WWII, which means they need constant massive capital repairs, upgrades, and new amenities to improve the quality of life for our tenants, and to compete with new construction.

Buildings like ours are a neighborhood’s economic engine. When landlords like us have the resources to make major upgrades and improvements, we are providing hundreds of millions of dollars in business to local contractors – and that means they’re putting more people to work, which translates into tens of thousands of jobs for neighborhood residents. Our money stays local, in our communities.

This post was sponsored by The Rent Stabilization Association. If you would like to reach  our readers, please contact us.

Never miss the day's stories!

Advertisement
Comment policy

5 COMMENTS

  1. Rent stabilization should be extended to market rate housing, giving everyone protections from exhorbitant rent increases and harassment. as well as the right to lease renewals. Likewise for businesses.
    Housing is not like the whatever-the-market-will-bear buying & selling of ordinary commodities like soap & cereals. It is too essential to be left un-regulated or under-regulated.
    Despite the deliberately misleading name, the Rent Stabiizatin Association does not speak nor work on behalf of tenants. Far from it.

  2. A sponsored piece written by landlords from the Rent Stabilization Association which, contrary to what their name would have you believe, consistently fights AGAINST renters’ rights?! This is…not great.

  3. HK – I can only think of one type of housing that doesnt seek a return on housing – its NYCHA

  4. This: propaganda coming from an organization whose president told the NY Assembly Housing Committee that if the 9 Universal Rent Control bills pass in Albany, we might as well “NYCHA-tize” New York City’s entire housing stock. Talk about problematic.

    I know that Bklyner absolves itself of any affiliation with the views of its advertisers, but they should draw a line. Our current rent laws, specifically those that allow for Major Capital Improvement (MCI) and Individual Apartment Improvement (IAI) expenses, are some of the very ones that Trump, our Landlord- and Developer-in-Chief, abused in New York for decades.

    The Rent Stabilization Association (they go by @rentreformny on Twitter) is NOT to be confused with the Universal Rent Control platform pushed primarily by Housing Justice for All. Be vigilant.

LEAVE A REPLY

Please enter your comment!
Please enter your name here