Rent-Controlled Apartments for Under $1,000 Could Get More Expensive

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NEW YORK - DECEMBER 03: A man walks into one of the buldings of the Savoy Park apartment complex December 3, 2008 in New York. Savoy Park and some other rent-stabilized housing projects in Harlem have been bought by private companies that are now going through financial problems due to the mortage banking crisis, leaving advocates of subsidized housing projects fearing for the fate of the inexpensive housing. (Photo by Chris Hondros/Getty Images) Photo: Chris Hondros/2008 Getty Images

While Albany debates the politics of rent control, the New York State Court of Appeals ruled yesterday that landlords of rent-stabilized apartments that go for less than $1,000 a month could raise costs in order to equalize tenants' rents and cover increased operating expenses. When Legal Aid filed a suit on behalf of affected tenants in 2008, the City Council backed the suit and low-income advocates called the proposal a "poor tax." At least their landlords will be less likely to try to muscle them out now. [City Room/NYT]