Monday, June 23, 2014

Final Vote Tonight on Proposed Rent Hikes


The city’s Rent Guidelines Board is set to hold its final vote tonight on its proposed rent hikes for rent stabilized buildings.


A rent freeze is one of the options under consideration.


The board has proposed a range of increases from zero to three percent for one-year lease renewals, and .5 to 4.5 percent for two-year lease renewals.


Landlords and tenants have gotten a chance to sound off at public meetings in all five boroughs.


This is the first set of rent hikes being considered by the board under Mayor Bill de Blasio.


He appointed six new members earlier this year, including the chairwoman.


Any hikes would affect leases signed after October 1.


Tonight’s final vote at Cooper Union’s Great Hall is open to the public.


The meeting begins at 6 p.m.





NEWS – NY1




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