The People's Money (2024-2025)
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Stop Hurting Small Landlords
- Do you have specific Neighborhood(s) in mind?
- Which group(s) does your idea focus on? Select as many as apply.
-
Public Housing ResidentsUnhoused PeopleLow Income People
- Describe the challenge you want to address:
- The city continually makes it extremely hard for small landlords to afford to operate with the tiny rent increases not even meeting inflation rates let alone the rising cost of utilities, materials and labor (for repairs), insurance costs and interest rates for refinancing. Adding on tons of bogus violations and now not allowing us to use brokers will only make more units stay vacant longer as we can barely afford to repair vacant units let alone have the time and money to rent them ourselves. You are only reducing housing availability
- What is the solution to the challenge?
- Reject the FARE act. Don't have HPD and DSNY send out constant inspectors to issue minor violations that have huge fines but pose no public safety risk. Also maybe implement better trash rules for large apartment buildings. They don't need the city approved bins as long as trash bags are set out past 8pm (instead of the former 6pm) - apparently rats only come out between 6 & 8pm. Implementing the new rules for small buildings & private residences isn't helping the problem as they only account for about 20% of the rats
- Please provide your Zip Code
- 11214
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