This Friday, April 1, was the deadline for the City of New York to complete the so-called Housing and Vacancy Survey, which collects information on the inventory of available units and the difficulties that New Yorkers may face when searching for affordable apartments in the Big Apple, but now three additional months will be available to achieve a more precise radiography on the subject.
This was announced by Mayor Eric Adams, after signing the Intro into law 70, promoted by the president of the Housing and Buildings Committee of the Municipal Council, Pierina Sánchez, who extended the deadline to complete the Housing and Vacancy Survey (HVS) until July 1, poll which takes place every three years and due to the COVID pandemic, has not been completed.
The law also ensures that rent stabilization regulations remain in place in New York City until the City analyzes the new data and adopts a decision.
“I am pleased that my first signature and hearing of a bill is one that helps the tenants and workers of New York City,” Mayor Adams said in announcing the rule. “Too many New Yorkers are struggling to keep a roof over their heads and put food on the table, and this bill provides the necessary time for the City to make an informed decision about extending rent stabilization.”
Jessica Katz, Director of Housing for the City of New York, highlighted that the Housing and Vacancy Study is “a fundamental tool for monitoring the housing market and understanding the realities” faced by those trying to find affordable units. He also mentioned the importance of extending the time so that the City has adequate time to accurately assess the state of the real estate market.
“We cannot rush a review in a short time when there are vital units with stabilized income at stake. This bill will allow us to do our job well,” commented Katz.
The Commissioner of the Department of Preservation and Development of Housing of the City of New York, Adolfo Carrión Jr., assured that after the impact of the COVID pandemic on the tenants of the Big Apple, collecting complete data is a vital urgency.
“ For over 50 years, the New York City Housing and Vacancy Survey has been the most trusted source of information on the city’s vacancy rate, supply and housing condition, and the continued need for rent regulation,” the official said. “We are pleased to have the support of the Council to extend the deadline to allow the New York City Housing Vacancy Survey to more accurately assess the state of housing in this city.”
The president of the City Council, Adrienne Adams, warned that expanding the extension for the housing survey to be carried out is essential for the future of thousands of New Yorkers, due to the existing housing crisis.
“The pandemic is still affecting New York City on multiple fronts , including the exacerbation of the housing affordability crisis that preceded the arrival of COVID,” said the head of the legislature of the Big Apple. “Extending our city’s housing emergency determination period will allow tenants to remain protected under rent stabilization laws for longer.”
Councilwoman Pierina Sánchez affirmed that stabilized housing is essential to maintaining affordability for New Yorkers.
“This law is critical to ensuring that rent stabilization can continue in New York City, based on the appropriate findings in the New York City Vacancy Survey. city housing,” said the Latino politician. “I look forward to continuing all efforts to maintain rent stabilization for the two million New York households who depend on city leaders to uphold our rent stabilization laws in this city.”