Leonard Grunstein was recently published in Republic 3.0, writing a piece titled, “Affordable housing must move beyond rent control.” In the new piece, Grunstein discusses a recent court decision that stated that the rent-stabilized apartments are public assistance benefits akin to disability benefits or welfare. Grunstein notes that while this decision is considered a victory by many affordable housing advocates, it may end up doing more harm than good.
Grunstein argues that the decision signifies the steady acceptance of rent regulation rather than a stopgap. “Originally, New York’s rent stabilization law was passed as an emergency measure meant to shore up affordable housing for the short-term until a more sustainable solution could be passed,” he says.
Within the op-ed, he suggests lifting rent regulations to incentivize developers to replace existing ones that contain more housing of both market value and affordable rates.
To read the full article, visit Republic 3.0.
Leonard Grunstein 