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HPD is currently in the midst of New York City Mayor Bill de Blasio's Housing New York initiative to create and preserve 300,000 units of affordable housing by 2026. By the end of 2021, the City of New York financed more than 200,000 affordable homes since 2014, breaking the all-time record previously set by former Mayor Ed Koch . [ 3 ]
Through its Office of Rent Administration (ORA), DHCR is responsible for administering and enforcing rent stabilization and rent control laws in New York City and other jurisdictions statewide. This includes reviewing and approving rent increases, handling tenant complaints, investigating violations, ordering corrections, and imposing penalties ...
[1] The New York Post wrote in 1988 that "critics of 7A say it is so poorly supervised that incompetent and even corrupt administrators have gotten away with years of mispending a building's rent roll." Their page and a half expose was followed by a quarter page "A success story" about one woman (who) "administers several buildings in the 7A ...
Rent stabilization sets maximum rates for annual rent increases and, as with rent control, entitles tenants to receive required services from their landlords along with lease renewals. The rent guidelines board meets every year to determine how much the landlord can charge. Violations may cause a tenant's rent to be lowered. [4]
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The program's publicly stated purpose was the development and building of affordable housing, both rental and co-operatively owned, for middle-income residents. [4] Under this program, local jurisdictions acquired property by eminent domain and provided it to developers to develop housing for low- and middle-income tenants.
The Department of Housing Preservation & Development (HPD) is the mayoral agency responsible for developing and maintaining the city's stock of affordable housing. The Human Resources Administration (Department of Social Services; HRA/DSS) is the mayoral agency in charge of the majority of the city's social services programs.
Rent Control: Regulation and the Housing Market. Center for Urban Policy Research, ISBN 0-88285-159-4. McDonough, Cristina (2007). "Rent Control and Rent Stabilization as Forms of Regulatory and Physical Taking." Boston College Environmental Affairs Law Review, Vol. 34 pp. 361–85. Niebanck, Paul L., editor (1986). The Rent Control Debate.