Leases for rent-stabilized housing in New York City are poised for the third hike in as many years following a June 17 vote by the Rent Guidelines Board.
Rent Guidelines Board (NYC)
Tenants, Landlords Unhappy with Approved Apartment Rent Hikes
Alice Apolinaris was not celebrating on June 29, the first day of her retirement after 25 years as a public schools paraprofessional. She burst from her apartment on 3rd Street in Carroll Gardens for a walk, which is how she manages stress. Lately, her anxiety has been growing.
Affordable Housing Advocates Fret Over Proposed Stabilized Rent Hike
New York City’s Rent Guidelines Board will vote June 21 on the biggest hikes for stabilized rent rates in nearly 10 years. Landowners say they need the hikes to keep pace with inflation. Tenants, meanwhile, assail the idea, adding that inflation is what keeps them from paying more on rent.
