Industry Group Asks City to Help Pay for Lead Abatement

The Real Estate Board of New York (REBNY) recently asked the city to help owners cover the costs of lead abatement in their buildings in testimony submitted to the City Council. The industry group argued that changes to the state’s rent law hinders owners’ abilities to pay for lead testing and mitigation. The group pointed to the law’s limiting of renovation costs that can be passed onto rent-stabilized tenants to $15,000 over 15 years.

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