Andrew Cuomo: “About 40% of the units are actually rent stabilized.”

“I also want to comment on the recent scandal about Assemblyman. He. Lives in a rent stabilized apartment. Rent stabilized apartments are one of the main ways we provide affordable housing in New York. About 40% of the units are actually rent stabilized. And these units are meant for people who have trouble paying rent, who can't afford rent because affordability is a major topic. And Assemblyman Mondami is a man who can obviously afford rent.” (03:18–03:23)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.