At the Rent Guidelines Board meeting on Thursday, April 10th, a representative of the City Department of Housing Preservation and Development (HPD) announced that Mayor de Blasio’s much anticipated affordable housing plan will be revealed the first week of May. As you may already know, Mayor de Blasio has been advocating for the building and preserving of an astounding 200,000 units of affordable housing over the next 10 years. The feat may seem highly improbable, but the Mayor and his administration seem very optimistic about the plan that is set to be unveiled on May 1st.
On that same day, the Rent Guidelines Board will be having their fourth meeting, which will also be when the RSA and other groups will present invited testimony. This meeting also comes four days before the preliminary vote on the 2014 rent guidelines and if Mayor de Blasio has a strong influence in the outcome, we should be expecting the City’s first ever zero rent increase proposal. Should Mayor de Blasio continue to insist on zero rent guidelines, he may very well damage his credibility with property owners throughout the City. This will make it very difficult to obtain their support as he prepares to release this monumental housing plan.