He would also expand a policy known as luxury decontrol, where regulations are lifted on wealthy tenants.
By the end of last year, building owners had deregulated 1,404 apartments of wealthy tenants.
The castle remained in Royal possession after Eleanor's death and it was granted out to various wealthy tenants.
Gradually the character of the buildings changed as wealthier tenants left the area.
There was a float at the river's edge to accommodate the speedboats of wealthy tenants.
The benefits of rent control can accrue disproportionately to wealthy and well-connected tenants.
He also voiced strong approval for the way the complex was designed for wealthy tenants, and yet contained space for the public.
The rent controls also protect some less wealthy tenants.
Tonight's agreement is intended to end rent protections for wealthy tenants in two ways.
But that's not necessarily a good indication because wealthy tenants sometimes like to wear cutoff jeans and T-shirts.