32BJ Statement on Rent Regulation and 421-a Legislation Proposals

32BJ Statement on Rent Regulation and 421-a Legislation Proposals

“The Senate’s proposals on rent regulation and 421-a renewal are a gift to the 1 percent and an insult to everyone else,” said 32BJ President Hector Figueroa. “We are telling the Legislature and the governor that they cannot leave Albany without passing an expanded 421-a program that increases affordability requirements and expands wage and benefits standards for building workers.”

“Instead of engaging in a real discussion of those issues, both houses of the Legislature have offered proposals in the last few days that would only increase income inequality in our city. Time is running out and we urge the Legislature and Governor Cuomo to show their commitment to good jobs and affordable housing by coming to an agreement that works for all of New York City’s working families.”

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