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RGB rent stab increases for 2018-2019

NYC Rent Regulation: Rent Control/Rent Stabilized, DHCR Practice/Procedures

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RGB rent stab increases for 2018-2019

Postby TenantNet » Tue Jun 26, 2018 10:29 pm

http://www.ny1.com/nyc/all-boroughs/new ... inal-vote-

Rent Guidelines Board votes to allow rent hikes on NYC rent-stabilized apartments
By Zack Tawatari | June 26, 2018 @8:53 PM

The Rent Guidelines Board voted Tuesday to allow for rent hikes for rent-stabilized apartments in New York City.

After weeks of public hearings, and facing a wave of protests from New Yorkers, the board voted 5-4 to allow for 1.5 percent increases for one-year lease renewals and a 2.5 percent increases for two-years a public meeting at Cooper Union's Great Hall in the East Village.

The rent increases can go into effect Oct. 1.

The board had been considering a .75 increase to 2.75 percent for one-year lease renewals, and an increase of between 1.75 and 3.75 percent for two-year lease renewals.

Some New Yorkers protested during the hearing, calling for a rent freeze, arguing that they cannot afford any more rent increases, saying they could push them out of their homes.
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