On May 2, members of the Ridgewood Property Owners and Civic Association met with local elected officials to discuss the impact of proposed tenant protections bills on neighborhood homeowners and landlords, as reported by QNS.
In the past 10 years, due to gentrification, Ridgewood has lost over 1,460 of its rent-stabilized apartments, and since 2017, 385 homes have been evicted (about 2.1 percent of renter-occupied units). Current legislation that is supposed to protect tenants is not sufficient and leaves room for misuse. On June 15, the laws for rent-stabilized apartments will expire and policymakers are proposing one bill after another to make the rental market a better place. What will this mean for Ridgewood?
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Cover image courtesy of @vintage_signs_of_rid.
