Cuomo let tens of housands of rent-regulated units be converted to market value until finally, when he had no way out, he signed in 2019 the bill overturning vacancy decontrol.
Now he’s trying a divide and conquer strategy against Mamdani for living in a rent-stabilized unit in Queens for which he pays a not inconsiderable rent.
Cuomo is proposing a new attack on rent regulation via his completely arbitrary demand for income caps on eligibility–a disastrous idea that would result in massive displacement–as if there isn’t enough of that in our city already.
Cuomo’s latest scheme to undermine rent regulation will, of course, be a windfall to the developers who fund his campaign.