Lost in New York City’s tempestuous legislative battles over rent regulation is the fact that the largest number of low- and moderate-income residents in the city live in privately owned rent-regulated housing. This often leads to a blind spot in city housing policy.
According to the last New York City Housing and Vacancy Survey (HVS) published in 2017 (the 2020 HVS was delayed and will be available later this year), an estimated 1.4 million low- and moderate-income New Yorkers live in privately owned, rent-regulated housing. These tenants—retirees, service workers, new immigrants—live in households earning up to 80 percent of the area median income. (MORE)