Advocates, council members push for rent roll back

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

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”
Carl Heastie, Andrew Cuomo and Andrea Stewart-Cousins. (Getty)
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
Sen. Jabari Brisport (Photo via Jabari for State Senate; iStock)
Socialist notches key NY Senate appointment
Socialist notches key NY Senate appointment
Charles Kushner and 18 Sidney Place (18 Sidney Place via StreetEasy)
Tenants get class-action status against Kushner in Brooklyn rent case
Tenants get class-action status against Kushner in Brooklyn rent case
A new report argues that distress and declining values in rental properties is an opportunity for decommodification of multifamily buildings. (iStock; Chart via Furman Center)
Tenant group sees opportunity in multifamily foreclosures: report
Tenant group sees opportunity in multifamily foreclosures: report
Bronx Assembly member Jeffrey Dinowitz and Gov. Andrew Cuomo (Getty)
Landlords face hard deadline on court-ordered building repairs
Landlords face hard deadline on court-ordered building repairs
arrow_forward_ios

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

Loading...