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Tenants, Landlords Clash Over Rent Guidelines Board Pick therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
RGB chair David Reiss (iStock, Brooklyn Law) Landlords called for a 5 percent hike; tenants groups, a 5 percent roll back. The Rent Guidelines Board didn’t quite meet them in the middle. In a preliminary vote Wednesday night, the city board approved a proposal to increase rents on stabilized apartments and lofts by 0 to 2 percent on one-year leases and 1 to 3 percent on two-year leases. Last year, the board froze rents to alleviate the pandemic’s impact on renters. The proposal, introduced by Chair David Reiss also called for a rent freeze on rent-stabilized hotels, approved with a 7 to 2 vote. The initial vote provides a window into which direction the nine-person board composed of two landlord, two tenant and five public representatives will lean in the final vote June 23. Tenant representative Sheila Garcia, director of Community Action for Safe Apartments, called it a temperature check though in her eight years on the board, they’ve never voted outs ....