NYC Rent Board nixes double-digit increase but signals 7% hike could be on the way
The cost of leasing one of the roughly one million rent-stabilized apartments across the Big Apple may rise by as much as 7 percent next year.
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The cost of leasing one of the roughly one million rent-stabilized apartments across the Big Apple may rise by as much as 7 percent next year.
Following an emotional hearing, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 7 percent for two-year leases.
A meeting of New York City's Rent Guidelines Board was interrupted by a protest that included five elected members of the City Council.
“As chair of the Committee on Cultural Affairs, my job is to champion our cultural institutions that act as economic powerhouses for our city,” says Ossé.
The bill, introduced last month by Forest Hills Council Member Lynn Schulman, would require commercial landlords to evict unlicensed cannabis distributors or