The Rent Guideline Board vote, due to occur June 21, is preparing to hit rent-stabilized tenants with a dramatic increase in rent, the largest increase in nearly a decade.
The Rent Guideline Board is comprised of nine mayor-appointed members which include two landlords, two tenants and five are considered public members. This group then decides on a number of housing issues, in this case, they are deciding how high the increase on rent-stabilized buildings should be.
