NYC’s Rent-Stabilized Housing: Understanding Different Segments of the Stock and Why It Matters
Nearly one million apartments in New York City are rent-stabilized. In 2023, the median rent among rent-stabilized tenants was about $1,500, compared with $2,000 for market-rate renters. These units play a central role in maintaining housing affordability across the city, yet they are often discussed as a single, uniform category.
Our policy breakfast explored the diversity among buildings with rent-stabilized units, spanning older pre-1974 buildings and newer developments regulated because they received public financing or property tax reductions. Panelists discussed how these differences shape the challenges and policy considerations facing the rent-stabilized housing stock today.
The session aimed to deepen understanding of the current landscape and to ground debate on what tailored interventions may be needed to preserve the affordability and quality of this essential part of New York City’s housing supply.
Panelists
- Kenny Burgos, Chief Executive Officer, New York Apartment Association
- Emily Kurtz, Chief Housing Officer, RiseBoro Community Partnership, Inc.
- Jane Silverman, Executive Director, Community Development Banking, JPMorgan Chase Bank
- Samuel Stein, Senior Policy Analyst, Community Service Society
Moderator
David Reiss, Visiting Professor of Clinical Law, NYU School of Law, and former Chair, Rent Guidelines Board.