City Council Approves Rent Law Extension
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The City Council voted Tuesday to extend rent stabilization laws for another three years.
To do that, the council had to also pass a resolution declaring the city is in a housing emergency, with vacancy rates below five percent.
Those laws were set to expire on April 1st.
The City Council is still pushing for Albany to give the city back control of its rent and eviction laws.
Council members also want state lawmakers to repeal vacancy decontrol, which allows landlords to return stabilized apartments to market rate once tenants move out.