New lead paint law may affect stabilized rents in Bronx and city
Members of the rent control board say the new lead paint law that's slated to go into effect in the next couple of months could hit Bronx and city residents in the wallet.
There are currently one million residents citywide living in rent-stabilized apartments. The last time those tenants saw an increase in rent was about two years ago but that may change.
Rent control board members say the cost landlords will incur because of the lead paint law could trickle down to residents in rent-controlled apartments. The board members say they will factor in the law when they make their rent level recommendations May 10.