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Over 100 Bronx Residents Face Unwarranted Eviction by Private Equity Firm

The Legal Aid Society, New York City Comptroller Brad Lander, Council Members Pierina Sanchez, Eric Dinowitz, Oswald Feliz, Bronx Borough President Vanessa L. Gibson, Assemblymember Yudelka Tapia, housing advocates, and tenants rallied today in The Bronx to call on Albany to enact “Good Cause” legislation after private equity firm Glacier Equities purchased unsold co-op shares for multiple buildings in the borough and deluged tenants with eviction notices as soon as the moratorium lifted, effectively displacing over a hundred long-term residents.

Many of the tenants have lived in their homes for decades and have strong ties to the community. Some are elderly, have significant health issues, or have economic limitations that make it very difficult to leave their apartments.

Elected officials and advocates demanded the passage of “Good Cause” legislation, which would provide tenants in unregulated units, such as these Bronx buildings, with basic protections to prevent unwarranted evictions and exorbitant rent increases.

“This eviction crisis underscores the urgent need for Albany to immediately enact ‘Good Cause’ legislation this session,” said Judith Goldiner, Attorney-in-Charge of the Civil Law Reform Unit at The Legal Aid Society. “Existing law operates unconscionably by permitting these widespread and unwarranted evictions, especially during a global pandemic. To prevent further suffering, we call on Albany to enact ‘Good Cause’ without further delay. New Yorkers deserve strong protections against unwarranted evictions and rent hikes, and ‘Good Cause’ would live up to that promise.”