Rent Guidelines Board Holds Preliminary Vote Tonight

NY1 News LogoRGB Prelim Vote Tonight

Tenants and building owners will once again be squabbling over annual rent hikes for the city’s rent-regulated apartments as the Rent Guidelines Board holds a preliminary vote this evening at Cooper Union.

Last year, the board hiked rents 3.75 percent on one-year leases and 7.25 percent on two-year leases.

Tonight’s meeting is open to the public, but officials say any noisemakers that can be used to disrupt the proceedings are prohibited.

Tenants rights groups and Occupy Wall Street demonstrators plan to hold a protest outside the meeting.

The board’s final vote is on June 21.

Any new increases will affect leases signed or renewed starting October 1.

 

Source: NY1 News