Advocates, council members push for rent roll back

Rent Guidelines Board is proposing a 0-2 percent increase for stabilized units

TRD New York /
Jun.June 09, 2015 09:00 AM

Tenant advocates and elected officials are urging the Rent Guidelines Board to do more than approve a rent-freeze, they’re asking the board to reduce the rent on stabilized units.

Landlords, on the other hand, are trying to persuade the board to increase the rent, Capital New York reported. The groups converged on Monday during a hearing.

The Rent Guidelines Board has proposed a rent increase up to 2 percent for one-year leases on rent-stabilized units, according to the website. Since its creation in 1969, the board has voted to increase rents every single year.

“While last year I pushed for a rent freeze … this year I am joining with the tenant advocates in calling for a rent rollback,” City Council member Margaret Chin said as cited by Capital. Council members Corey Johnson, Dan Garodnick, Ben Kallos, Jumaane Williams, Helen Rosenthal and Mark Levine also attended the meeting and called for a rent rollback.

Before the Rent Guidelines Board is scheduled to take a final vote on the matter on June 24, hearings will be held in Brooklyn, Queens and the Bronx. [Capital NY] — Claire Moses


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”
New York Community Bank president Joseph Ficalora (Facebook; iStock)

NYC’s largest multifamily lender says rent collections are at pre-pandemic levels

NYC’s largest multifamily lender says rent collections are at pre-pandemic levels
New York Attorney General Letitia James and 63-36 99th Street in Rego Park (Getty; StreetEasy)

“Not on my watch”: AG Tish James fines developers who violated 421a

“Not on my watch”: AG Tish James fines developers who violated 421a
That was fast: RSA and CHIP appeal rent law decision

That was fast: RSA and CHIP appeal rent law decision

That was fast: RSA and CHIP appeal rent law decision
Keith Gelb and Bill Walton with 63 and 67 Wall Street (Rockpoint, Google Maps)

Rockpoint Group settles alleged rent-stabilization violations for $5M

Rockpoint Group settles alleged rent-stabilization violations for $5M
A U.S. District judge has given tenants a seat at the table in the legal challenges to New York’s rent law, defying attorneys representing landlords. (iStock)

Tenants get seat at table for legal challenges to rent law

Tenants get seat at table for legal challenges to rent law
arrow_forward_ios

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

Loading...