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.