New rent board members seen as tenant-friendly

Appointees expected to push for more modest rate hikes

New York /
Mar.March 27, 2014 01:23 PM

Mayor Bill de Blasio named four new appointees to the city’s nine-member Rent Guidelines Board this morning, bringing new blood to the body tasked with determining the rate of increases for tenants of rent-stabilized units.

Sarah Williams Willard will serve as a representative for owners of rent-stabilized properties, while Cecelia Joza and Steven Flax will serve as public members of the board, the New York Observer reported. Sheila Garcia will serve as a tenant representative, as will Harvey Epstein, the only member of the group to be re-appointed to the position.

The new members are expected to slow the pace of rent hikes that existed under the Bloomberg administration, according to the Observer. Joza and Garcia both currently work with affordable housing nonprofits, while Flax is vice president of community reinvestment at M&T Bank.

Mayor Bill de Blasio, who promised on the campaign trail to pursue a rent freeze, is responsible for appointing members to the panel — five of which he can pick before the vote on rent rates occurs, likely in June. Last year the board allowed increases of up to 4 percent for one-year lease renewals and up to 7.75 percent for two-year lease – the largest hike since 2008.

A spokesperson for the mayor told the Observer that the administration sought “balanced candidates who understand the needs of low- and moderate-income tenants,” and plans “to undertake an ambitious agenda that confronts the affordability crisis facing the city’s tenants.” [NYO]Julie Strickland


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
(iStock)

No check, please: Restaurants grapple with confusing Covid inspections

No check, please: Restaurants grapple with confusing Covid inspections
Sen. Charles Schumers aid President-elect Joe Biden agreed to assist NYC. (Getty)

NYC loses $2.5B in property taxes, gets $1B from FEMA

NYC loses $2.5B in property taxes, gets $1B from FEMA
Mayor Bill de Blasio and the carousel at Central Park (Getty)

Three Trump Org contracts de Blasio canceled were about to expire anyway

Three Trump Org contracts de Blasio canceled were about to expire anyway
Sen. Jabari Brisport (Photo via Jabari for State Senate; iStock)

Socialist notches key NY Senate appointment

Socialist notches key NY Senate appointment
Cushman & Wakefield CEO Brett White, Mayor Bill de Blasio, and Donald Trump, Eric Trump and Donald Trump Jr. (Getty)

Cushman & Wakefield, NYC cut ties to Trump Organization

Cushman & Wakefield, NYC cut ties to Trump Organization
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...