CPC’s new Data Brief offers a clear look at the operating pressures facing New York City’s rent stabilized housing.
Drawing on our annual survey of CPC’s borrowers’ income and expense data, we dive into the challenges facing rent stabilized buildings, focusing specifically on the causes and impacts of the widening gap between rising expenses and allowable rent increases. This year’s brief also includes a suite of policy solutions that grapple with the current reality that today’s rent stabilized rents are both too high for many low-income tenants and too low for owners to responsibly maintain and operate quality housing.
Download the full Data Brief to learn more.