While the increase is at the lower end of the range the RGB previously had proposed, it’s larger than any hike from the de Blasio years.
Not a single person spoke in favor of the board’s proposed rent increases at a sparse but vocal airing of testimony at Hostos Community College.
In this preliminary vote, the board also approved 4% to 7% maximum increases on two-year leases. A final vote is coming next month.
Eviction fears and operating cost inflation fuel an unusually sharp clash in testimony to panel that will decide rent hikes potentially as high as 8.5% next year.
The nine-person board is about to take its preliminary vote, then hear rowdy input from the public. As the city’s affordability crisis worsens, the process is set to be as tense as ever in 2023.
Long-time residents say they’re being hit with huge rent increases that have unsettled their lives and forced some of them to leave the building.
The Rent Guidelines Board finds an increase in the number of financially stressed rent-regulated buildings.
Tenants jeer jump in regulated rents — which landlords say is necessary to counter inflation but still doesn’t cover rising costs.
Both ‘good cause’ and a tax break for developers are doomed, and other things tenants should know about what made the cut in the state capital.
The Rent Guidelines Board will hold two public hearings in June before a final vote on rent regulated lease renewals. Here’s how to testify.