Rent Guidelines Board Holds Public Hearing On Rent Hikes

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By: NY1 News

The Rent Guidelines Board held another public meeting Thursday as it prepares to vote on rent increases for the city’s 1 million regulated apartments.

 

 

 

 

 

 

 

 

 

 

 

 

The board is considering a hike of between 3.25 percent and 6.25 percent on one-year leases for rent-stabilized apartments.

Two-year leases could go up between 5 percent and 9.5 percent.

Thursday’s meeting brought out landlords who said they need the increase and tenants who maintained that New Yorkers cannot handle another hike.

“I’m here today to testify for a zero rent increase,” said Helen Rosenthal of Community Board 7. “If we don’t move forward in a way that stabilizes the middle-income families and working people, this city is truly going to become either for the rich or the very, very poorest.”

“The increasing rate of property taxes and water on especially the small landlords, it’s overwhelming us, it’s crushing us. And I’m here to ask for a really fair increase this year and not the pittance in which they usually give us,” said Constance Nugent-Miller, a landlord.

The board is expected to make its final vote next Thursday at Cooper Union.

 

Source: NY1

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