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Politics

Rent Guidelines Board approves range of up to 7% increases for stabilized tenants

By Ben Brachfeld & Dean Moses Posted on May 3, 2023
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The Rent Guidelines Board approved a range of increases for the city’s 1 million stabilized tenants that could see leases spike up to 7%, against the backdrop of a raucous meeting where protesters and elected officials stormed the stage and relentlessly booed the proceedings.

By a 5-4 vote, the board approved a preliminary range of increases of 2-5% for one-year leases and 4-7% for two-year leases. The Board will vote on the final percentage increase on June 21, but increases historically fall within the preliminary range.

See the full article at amNY

Rent Guidelines Board approves range of up to 7% increases for stabilized tenants

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