State leaders OK new rental protections for pricey NYC

 More than one million apartment dwellers in and around New York City are getting new protections against big rent increases under a landmark tenants’ rights bill signed into law Friday.

The measure, which passed the Democrat-controlled Senate and Assembly Friday afternoon and was immediately signed into law by Gov. Andrew Cuomo, strengthens the existing rent stabilization and rent control rules that govern rental increases and evictions in many older, multiunit apartments.

“Today the tenants will win,” said Sen. Zellnor Myrie, D-Brooklyn, who was raised in a rent stabilized apartment. “We have been losing in this building for decades, but today, the tenants will win.”

Read the full story in Associated Press.