Page 3 - Arent Guidelines News Today

Board Approves 3% Rent Hikes For 2 Million NYers In Stabilized Homes - New York City, NY - "Any increase approved by the Board is a failure," an official said after Wednesday's vote by the Rent Guidelines Board.

Gotham Gazette is an online publication covering New York policy and politics as well as news on public safety, transportation, education, finance and more.

Cities become affordable when they build a lot of housing, not when they subsidize it.

Despite protests at a meeting of the Rent Guidelines Board, another significant rent increase is coming for New York’s rent-stabilized tenants.

The outcry against reports of possible rent hikes for rent-stabilized apartments has been swift despite no such action taking place -- as of yet.

Her story is also an example, housing advocates say, of how some landlords skirt rent stabilization laws despite 2019 state reforms intended to protect tenants.

A New York City panel may allow rents to rise in roughly one million rent-stabilized apartments. But increases as large as those discussed by the panel — up to 15.75 percent on two-year leases — are unlikely.

The eye-popping potential 15.75% increase for a two-year lease, and 8.25% rent rise for a one-year lease, was outlined as a potential worst-case 2024 scenario in a report.

“We think we've identified over 1,500 421-a buildings that are out of compliance with the rent stabilization laws,” said Aaron Carr, executive director at watchdog group Housing Rights Initiative. “Whether you're a tenant or a taxpayer you should be up in arms about this.”

State Senate and Assembly Release One-House Budgets- The New York State Senate and Assembly have released their one-house budgets, in response to Gov. Kathy Hochul’s Executive...