CHIP launches campaign against rent regulation

Real Estate Weekly, June 7, 1995

"When the current rent laws expire in 1997, that should be the end of rent regulation," said R. Bonnie Haber, president of CHIP. "Upstate legislators will know by election day, 1996, that their constituents won't stand for wasting any more of their tax dollars on a $30 million state agency that protects Manhattan millionaires in $500 a month penthouses."

Rent regulation also contributes to New York City's fiscal crisis and, consequently, places demands on taxpayers statewide, Haber noted. Artificially low rents (currently proposed guidelines for one and two year increases are Just 1 percent and 2 percent) prevent the city from collecting more than $100 million a year in additional property taxes and discourage investment in construction and renovation.

CHIP board members are meeting with upstate editorial boards this Spring, and raising funds for a massive advertising campaign upstate during the 1996 legislative elections. A fundraiser and cocktail party to kick off the campaign is scheduled from 6-8 p.m., Tuesday, June 20 at "Live Psychic," 207 East 84th Street. Admission is $50.

CHIP is also running a "Win the End of Rent Regulation Raffle" - tickets are $20 each or $100 for five and prizes include a U.S. Energy Systems fuel computer system valued at more than $7,500. Other prizes so far include: Fuel Computer System from U.S. Energy Systems; Dinner cruise for four on private yacht, courtesy Rosenberg-Diamond Development Corp.; Private plane trip to Nantucket for lunch for two, courtesy R. Bonnie Haber; 500 gallons heating oil, courtesy Castle Oil; Use of a 4-bedroom Telluride ski house, courtesy of Harley Brooke-Hitching; 14k Gold Herringbone necklace; 14k nugget bracelet; One stove, courtesy of Long Island Stove; Four hours of PC computer consulting by Xylon; A psychic reading with Susan; One meditation class and 2 relaxation tapes, courtesy Michael & Susan Kerr; One hour architectural services by Knafo-Loyd; $250 worth of Intercom Service, courtesy Jordon Intercom; Painting of one bedroom apartment, courtesy H&M Painting; One month exterminating service, courtesy Metro Pest Control; Golf outing for three on Banks Course, Forsgate Country Club, courtesy Vantage Group; Two theatre tickets, chauffeured Rolls-Royce for evening, and dinner for two, courtesy Bruce Kafenbaum & Michael Kerr; Yacht trip for four from Greenport, L.I., courtesy Bruce Kafenbaum; Appliances, courtesy Michael Kerr; Two box seats to a Yankee or Mets game, your choice, courtesy of rioting, Welikson & Beinstock; Two mandated yearly elevator inspections, courtesy Horizon Elevator, Inc.; Boiler Tube Cleaning, courtesy R&M Combustion Co., Inc.; and RCA ColorTrak Plus T.V., courtesy, Len Harris appliances.

For more information call (212) 7578975.