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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.