Adams signs bill effectively extending rent stabilization through July
New York City Mayor Eric Adams on Wednesday signed Intro 70 into law, effectively extending rent stabilization in the city until July.
In particular, he extended the deadline for the city’s Housing and Vacancy Survey, which needs to be done every three years to comply with rent stabilization laws.
The information collected by the survey is taken into account when the state Legislature, again every three years, decides to keep or jettison rent stabilization. Rent stabilization hearings are usually characterized by impassioned, back-and-forth arguments from landlords and tenants alike.