ALBANY, N.Y. — State lawmakers on Monday were considering a short-term extension of rent regulations covering more than 2 million tenants in and around New York City as they faced a midnight deadline to renew the law.
Lawmakers were considering a two-day extension of the deadline to allow them to reach a compromise on the regulations.
The Assembly’s Democratic majority wants to strengthen the law to include more protections against rent increases when rent-regulated apartments become vacant. The Senate’s Republican leaders want tougher income eligibility verifications to ensure tenants qualify for rent stabilization.
