BROOKLYN - A deadline to extend the city's rent regulations came and went without any action from state lawmakers in Albany, and some Brooklyn tenants are rallying in protest.
The law protects 2 million New Yorkers living in rent-stabilized apartments from out-of-control price increases. It also prevents landlords from evicting tenants when their leases expire, and is seen by many as a key protection of affordable housing.
In response to the inaction on Albany's part, hundreds of tenants are chanting and rallying outside of the borough's only real estate summit at the Brooklyn Academy of Music.
The Crown Heights Tenant Union, Urban Homesteading Assistance Board, Stabilizing NYC and the Alliance for Tenant Power all made their voices heard during the rally.
Tenants say they hope they are not displaced from their homes.
State lawmakers have until Wednesday to reach a deal before the end of the legislative season. If no deal is reached, Gov. Andrew Cuomo has promised to call lawmakers back into session.