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Rent Freeze Crisis Hits Stabilized Housing | Real Estate News
Rent-stabilized housing is in crisis as a city-wide rent freeze drags on, eroding property values and straining landlords. Rafael Cestero, a veteran housing advocate, warns that without urgent fixes—like tax breaks and revamped rental assistance—affordable housing could collapse. He calls for replacing the Rent Guidelines Board with a formula-based system and fears lenders are pricing in zero growth, choking future investment. The stakes? Keeping the city’s most vulnerable housed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on…
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