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Catharine Young Wants to Put Your Landlord on the RGB!

January 10th, 2013

Yesterday, Senator Catharine Young introduced Senate bill S2045, which would allow owners of rent regulated apartments in certain counties to serve on the Rent Guidelines Board. In other words, Catharine Young wants the RGB, whose primary job is to determine a fair rent increase every year (preventing the landlords from jacking up regulated rents past an unreasonable percentage), to be directly controlled by the landlords themselves!

This bill would only affect Nassau, Rockland, and Westchester counties (suburbs of New York City), all of which are over 300 miles outside of Young’s own district.

Catharine Young Re-elected!

November 7th, 2012

Catharine Young has been re-elected to the New York State Senate. This is unsurprising, because she was running unopposed.

But why would an unopposed candidate need over $400,000 in campaign contributions (over $100,000 of which came from the real estate industry alone)? And more importantly, what exactly did she do with the money (which exceeds her salary by over 400%)?

Influence Explorer: Catharine Young

Source: influenceexplorer.com

It’s worth noting that Rose Associates, LLC (which represents the owners of Stuyvesant Town/Peter Cooper Village property) and several other landlords are listed as her top campaign contributors.

Real Estate Industry Loves Catharine Young, Bankrolls Re-election Campaign

June 9th, 2012

Senator Catharine Young is up for re-election in November (as is the entire New York legislature), so let’s take a quick look and see where her campaign money is coming from.

It shouldn’t come as any surprise that the real estate industry is leading the pack by a hefty margin. Landlords love Cathy Young!

Influence Explorer: Catharine Young

Source: influenceexplorer.com

Landlords 3, Tenants 0: Catharine Young Passes Three Bills in Senate

June 5th, 2012

Today, the Senate passed three of the bills that Senator Catharine Young introduced in the April 30th housing committee meeting:

S5041A – This bill would give landlords the ability to evict rent stabilized tenants if they fail to file a city/state tax return, or vote in the wrong place, and also would allow a landlord to challenge a tenant’s primary residency at any time during the lease. A version of this bill had previously passed the Senate on June 22nd, 2011, but died in Assembly.

S5152 – This bill would would allow a landlord to evict any rent regulated tenant, who is not disabled or over the age of 62, if the landlord’s immediate family wanted to live there, even for just a short time, without demonstrating any necessity for such occupancy.

S6472 – This bill would allow a landlord to increase the stabilized rent on an apartment by 20% in the event that the residing tenant vacates or dies, and his/her family wishes to continue the lease. Furthermore, the bill would limit succession rights to one generation.

All three bills are currently in Assembly.

Due to an apparent technical glitch, there is no sound on the Senate’s video of the session. However, the full transcript can be read here. In addition, we do have following debate on the S5041A bill between Catharine Young and Gustavo Rivera, who represents District 33 in the Bronx (which, unlike Young’s own district, is actually affected by her bill):

Christmas in April! Catharine Young Gives 5 Presents to Landlords

April 30th, 2012

At today’s meeting of the Senate Committee on Housing, Construction and Community Development, Senator Catharine Young introduced five more bills that attack the rights of rent stabilized tenants in New York City.

S5041A - This bill would give landlords the ability to evict rent stabilized tenants if they fail to file a city/state tax return, or vote in the wrong place, and also would allow a landlord to challenge a tenant’s primary residency at any time during the lease. A version of this bill had previously passed the Senate on June 22nd, 2011, but died in Assembly. (0:50 in video)

S5152 - This bill would would allow a landlord to evict any rent regulated tenant, who is not disabled or over the age of 62, if the landlord’s immediate family wanted to live there, even for just a short time, without demonstrating any necessity for such occupancy. (6:49 in video)

S6472 - This bill would allow a landlord to increase the stabilized rent on an apartment by 20% in the event that the residing tenant vacates or dies, and his/her family wishes to continue the lease. Furthermore, the bill would limit succession rights to one generation. (9:55 in video)

S6473 – This bill would make it easier for an apartment to become destabilized via high income, by changing the formula for calculating the $200,000 minimum annual income. Instead of requiring an income above $200,000 for each of two consecutive years, the average income over the two year period would be used in the calculation. (12:59 in video)

S6515 - This bill would eliminate a rent regulated tenant’s right to a two-year lease renewal. All lease renewals would therefore be for a term of only one year. (14:53 in video)