As rent regulation comes up for renewal in Albany next year, the de Blasio administration has called the status quo unacceptable. He has proposed the following reforms to retain the stock of rent stabilized apartments, ensure current tenants can stay in their homes and protect rent stabilization for future tenants:

(1) Eliminate vacancy decontrol. End allowing a vacant apartment with a rent of $2,733.75 per month to be deregulated.

(2) Eliminate the 20% increase in monthly rent when tenants vacate an apartment. The current administration believes this change will help discourage bad landlords from pressuring tenants out of their homes in the hopes of collecting faster-rising rents.

(3) Limit landlord use of permanent rent increases for building-wide or individual apartments. Landlords have used these increases as a way to drive up legal rents to reach the threshold for rent deregulation.

(4) Limit individual apartment improvement and major capital improvement rent increases. Limit how landlords can use permanent rent increases for building-wide or individual apartments. These increases are utilized as a mechanism for raising legal rents to reach the threshold for rent deregulation.