De Blasio: “the rent freeze speaks for itself”. Really?

Democratic mayoral candidate Bill De Blasio has maintained his call for a rent freeze on one million stabilized apartments next year. A De Blasio spokesman told Crain’s New York, “the rent freeze speaks for itself”.

But De Blasio was FOR a rent increase before he was AGAINST a rent increase. During this year’s Rent Guidelines deliberations, De Blasio was quoted as being in favor of a rent increase for small property owners. After being pummeled by the other Democratic candidates for his stance, De Blasio switched his position and called for zero rent increases across the board. Bill De Blasio is a smart man and his initial position on rent increases probably recognized the fact that most property owners would need a rent increase as long as city taxes, oil, insurance and other operating costs continue to escalate. If De Blasio is elected Mayor, we will soon know whether he remains mired in campaign rhetoric or whether he has the courage to stand up to his supporters and do what is necessary to maintain affordable housing in New York City.

Rent-Freeze Pledge Chills Landlords

De Blasio Proposal Would Affect More Than One Million in Stabilized Apartments

By JOHN SURICO

Among the policy proposals pushed by Democratic mayoral nominee Bill de Blasio to make New York City more affordable is one that would affect more than one million residents: a moratorium on rent increases in rent-stabilized apartments.

A so-called rent freeze hasn’t happened in the 44-year history of the Rent Guidelines Board, a body of nine mayoral appointees that sets monthly rates for a million apartments. The idea is opposed by Republican nominee Joe Lhota and the city’s real-estate community, with which Mr. de Blasio is friendly.

The next mayor will have significant leverage over the rent board when he takes office on Jan. 1, with power to appoint four new members. Mr. de Blasio has said he would select what he described as pro-tenant, pro-stabilization board members. Continue reading

If Preliminary Vote Is Any Indication, Rent Hikes Coming To NYC Apartments

 

April 30, 2013 10:07 PM

NEW YORK (CBSNewYork) — A preliminary decision was issued Tuesday for raising the rents on rent-stabilized apartments in New York City.

As 1010 WINS’ Sonia Rincon reported, the New York City Rent Guidelines Board decided on a 3.25 percent to 6.25 percent increases for one-year leases, and 5 percent to 9.5 percent increases on two-year leases. But the decision is just preliminary.

The board is made up of tenant members, property owners, and members of the public. The tenant members argued for a rent freeze and a 0 percent increase, talking about the cost of living in the city and the fact that many people in rent-stabilized apartments are on a fixed income.

Harvey Epstein, who represents tenants on the board, said the proposed increase range is far too high.

“One-size-fit-all answers don’t work here, so if there’s a small bunch of landlords, that need help, let’s figure out a solution for them,” he said.

Property owners talked about how expensive it is to operate a building in the city. They asked for 7 percent and 11 percent increases, respectively.

Jack Freund, vice president of the Rent Stabilization Association, said only a small number of apartments have high turnover and rent at market value.

“And of course, the apartments that are well below market rate may be renting for less than the cost of operation,” Freund said. “They don’t turn over.”

While Rent Guidelines Board meetings have been heated in the past, meetings on preliminary rent hikes have seen fewer and fewer attendees as people save their tonsils for the final vote later.

As usual, the vote on the preliminary decision on the rent hikes was 5 to 4. The final decision will be made June 30.

 

Source: CBS New York 

Rent Guidelines Board Hears Testimony Over Proposed Rent Hikes

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06/13/2012 11:33 PM

By: NY1 News

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The Rent Guidelines Board held another hearing on proposed hikes for the city’s nearly one million rent-regulated apartments.

The rent board heard testimony from only a handful of people over a proposed range of hikes for leases signed or renewed starting in October.

One-year leases could go up between 1.75 and 4 percent.

Two-year leases could jump between 3.5 and 6.75 percent.

Property owners said the increases help cover costs, but tenants say it’s too much.

“This rent board last year passed enormous rent hikes,” said tenant Barry Soltz. “It is unfair to tenants. We’re in an economic recession. Landlords need to start paying their fair share.”

“We come here every year to seek justice from this terrible system that we have,” said Chris Athineos, a Brooklyn property owner. “Owners are just looking to meet their costs. They keep raising the water and sewer, the real estate taxes.”

The rent board will make a final decision on June 21.

 

Source: NY1