Yesterday, Jaime Cain of Boylan Code organized an event to get the word out about underoneroofny.org. Not only did developers, landlords show up to organize, but so did tenants and home owners!
We really need your help to save upstate housing. We need compassionate landlords and concerned tenants to join us in Albany on January 13th on lobby day to articulate how the Tenant Protection Act of 2019 is a disaster for the creation, development, and preservation of housing in our region. Other legistlation in the queue includes Universal Rent Control and other policy levers which will lead to mass disinvestment in our most vulnerable neighborhoods and communities.
We are already seeing the negative affects of this legistlation. For instance, in lieu of the law's passage landlords who own property in desirable areas are tightening their screening criteria and no longer taking risks on accepting marginal applicants, due to the length of time it takes to evict tenants for non payment of rent. Furthermore, accepting double security deposits from lower quality applicatnts is now illegal; cutting off access to housing in good areas to tenants who are more than capable and agreeable to paying a higher deposit in order to get into an apartment in an area in which they want to live.
The tenor of these laws that are passed are indicative of policy makers who have never managed housing or created housing. If left unchecked, policies that are passed in Albany will lead to more vacant boarded up housing in our city and lead to worsening the racial segregation that we have in Rochester.
We need them to hear our voices this January 13th. Will you join me on the bus to Albany? Register here:
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Matthew Drouin is a full time real estate investor and REALTOR with 12 years of acquisition, disposition, development and management experience in Rochester, NY.