JULY 7, 2014
As housing costs across New York City skyrocket, rent stabilization is often one of the only protections keeping low-income, working-class and middle-class folks in their neighborhoods for the long-term. Yet, on June 23rd, New York City’s Rent Guidelines Board voted for a rent increase for the city’s 2.5 million rent-stabilized tenants.
Ignoring the historic opportunity to correct the course of unjustifiably high rent increases under Mayor Michael Bloomberg, the board instead voted for a 1 percent increase for a one-year lease and 2.75 percent for a two-year lease.
Tenants & Neighbors, a citywide tenant rights’ organization, worked closely with a coalition of tenants, community-based organizations, elected officials, legal service providers and tenant advocates during the last few months. We came the closest we ever have to a rent freeze. We are disappointed that the Rent Guidelines Board did not vote for a rent freeze. A rent freeze was what New Yorkers needed. …MORE
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