Posted by Ace on April 30, 2001 at 10:23:39:
This morning, on Good Day New York, there was a segment on a meeting taking place by the Rent Stabilization Board. Guiliani, over the weekend, dismissed the Chairman of the Board. Good Day had two people on, one a LL advocate and the other a Tenant advocate.
The LL's are going to ask for a increase of 9% for 1 year, 13% for 2 years -- the reason they're depending on mostly is the rise of the cost of fuel. The advocate, Frank Ricci, explained that if the LL's did not get this increase, the LL's would "kick off under investment of (New York City) buildings". In his words, we would see here again "what happened in the 70's" with LL's not investing in the City's buildings.
Kenny Schaeffer, the Tenant advocate, stated that the LL's made a 35% profit over the past 2 years and that that the rent renewals have always INCREASED, never decreased in the past several years, so he asked if the LL's could "open their books for the year 2000" if LL's want to ask for more of an increase, which is what LL's are supposed to do.
Ricci said that the data Schaeffer's going with to base his argument on 35% increase is 2 years old.
Schaeffer argued that if LL refuses to open books for 2000 to prove their need for an increase, then LL's should not get the increase they want. He based his findings on the 2001 Income Expense Study, which the LL's don't exactly have to tell the truth on what LL's actually bring in. Yet it's still a 35% increase. He went on to add that 1/2 of the city pays rent on the hardship levels. The increases LL is proposing would be too much, especially for poor and middle class, who again are being asked to pay beyond the 50% of their take-home pay to cover the rent.
TODAY THERE WILL BE A GATHERING FOR TENANTS AND TENANT ADVOCATESAT THE METROTECH CENTER IN BROOKLYN FROM 5 TO 7 CALLING FOR A BLOCK ON THE LL'S PROPOSED INCREASE.
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