Kimmel tapped to head Rent Guidelines Board

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Mayor Michael Bloomberg has tapped Jonathan Kimmel to chair the New York City Rent Guidelines Board, responsible for establishing rate adjustments for rent-stabilized units. A former member of the New York City Residential Mortgage Insurance Corporation, a subsidiary of the New York City Housing Development Corporation, and one-time legal director of the Teachers’ Retirement System for the city, Kimmel will now be responsible for analyzing operating costs, housing supply figures and costs of financing for rental housing in New York City. Bloomberg described the chairman position as one that “balance[es] the needs of tenants and building owners.” Bloomberg also noted that Kimmel’s past civic roles were integral to his appointment. “His experience… and his diverse background as an attorney, public servant and educator will serve him well as he takes on this new role,” Bloomberg said. TRD