Wednesday, June 28, 2017

Report: Rent Guidelines Board approve increases between 1.25 and 2 percent

The Rent Guidelines Board approved rent increases last night for residents living in the city’s 1 million rent-stabilized apartments.

The approved increases are 1.25 percent on 1-year leases and 2 percent on two-year agreements ... this after ratifying rent freezes the previous two years.

Back in April, the RGB voted to recommend a 1 to 3 percent increase on 1-year leases, and a 2 to 4 percent increase on 2-year leases.

Per Curbed today:

The final vote erred on the more conservative side of those recommendations, but for both sides — tenants and landlords/owners — that may still be unsatisfactory. Tenants’ rights groups, who showed up to the meeting in droves, wanted a third consecutive freeze; landlords, meanwhile, wanted bigger hikes to offset the costs allegedly incurred as a result of the last two years of freezes.

According to the Post:

Tenants who packed a Baruch College auditorium for the board hearing Tuesday night delayed its 7 p.m. start for more than an hour, chanting “How low can you go?” and dancing the limbo in front of the stage.

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9 comments:

  1. AnonymousJune 28, 2017 at 1:19 PM

    Darn I really LOVED the 0 percent increases...F-The-LANDLORDS

    ReplyDelete
  2. AnonymousJune 28, 2017 at 1:35 PM

    Not bad at all.

    ReplyDelete
  3. AnonymousJune 28, 2017 at 1:36 PM

    GFY RGB

    Yes it's a childish response. I don't care. This is America. There is no law that says I have to pretend to like getting bent over a barrel.

    ReplyDelete
  4. AnonymousJune 28, 2017 at 6:01 PM

    Please list ideas for affordable housing in NYC here.

    ReplyDelete
  5. JQ LLCJune 28, 2017 at 9:16 PM

    It won't be a million for long...

    ReplyDelete
  6. Scuba DivaJune 28, 2017 at 11:51 PM

    To Anonymous at 1:19 PM:

    When you turn 65, you can get your rent froze again; believe me, it isn't as far away as you might think.

    ReplyDelete
  7. AnonymousJune 29, 2017 at 9:47 AM

    ScubaDiva is right and wrong. You only have to be 62, not 65 and there is an income limit. The Senior Citizen Rent Increase Exemption (SCRIE, also known as the NYC Rent Freeze Program) freezes the rent for head-of-household seniors 62 and older who live in rent-regulated apartments. In order to satisfy the income eligibility requirement, the senior's household income must be $50,000 or less.

    ReplyDelete
  8. AnonymousJune 29, 2017 at 3:25 PM

    @9:47 anon, if enrolled in SCRIE the rent increases are then paid for by the city. Landlord still gets compensation for increases but the city pays for it out of their pocket.

    ReplyDelete
  9. AnonymousJuly 1, 2017 at 12:06 PM

    This is only a six floor building and gkad FDNY, New York's Bravest indeed -- thank you, was able to manage, control, and pu out this fire with minimal casualties.

    But what if this were a much taller building? With all these "luxury" high-rises going up and RE developers buying air rights, soon we will have a Greenfell scenario and whole lot of Towering Infernos.

    ReplyDelete

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