NYC Rent Guidelines Board Casts Preliminary Vote to Raise Rents
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...