Good Morning, Brooklyn: Monday, September 20, 2021
BILL TO STABILIZE COMMERCIAL RENTS: An unprecedented number of organizations and merchants showed up at a NYC Council Small Business Committee hearing to testify about the importance of commercial rent stabilization that many consider a long overdue reform. The hearing, which marked the first one that this Council has held on commercial rent stabilization, focused on Intro 1796, a bill that Brooklyn’s City Councilmember Stephen Levin (D-33) has sponsored to establish commercial rent stabilization in New York City.
This bill, with 23 co-sponsors in the council —and 12 of those signing on in the past few months — also has the growing support of community organizations, small businesses, and City Council members across New York City.
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