Housing & Homelessness

Going up: Rent Guidelines Board approves rent hikes on city’s stabilized units

By Adam Daly Posted on

The Rent Guidelines Board voted Monday evening to increase the rent for the city’s nearly one million rent-stabilized apartments, a decision that appeased neither smaller landlords nor tenant activists.

Stabilized renters with one-year leases can expect a 3% hike in their rents, while those with two-year leases will see rents climb 4.5%. 

See the full article at amNY

Going up: Rent Guidelines Board approves rent hikes on city’s stabilized units

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