Senate Majority Leader Pedro Espada is proposing Wednesday a rent relief assistance program to freeze the rents of nearly 300,000 households in all five boroughs. By the 10th year of his proposal, the rent for a third of the city's 1 million rent-stablized apartments would be frozen for a decade.
The goal is to maintain affordable housing for working and middle-class residents in one of the most expensive cities in the world.
Renters making up to $45,000 a year in a household could be eligible.
The program would be funded through landlords, not city or state funds, if approved by the full Legislature and signed by Gov. David Paterson.