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hrmjustin

(71,265 posts)
Mon Jun 23, 2014, 12:26 PM Jun 2014

NYC’s Rent Guidelines Board To Vote On Rent Freeze For Stabilized Apartments

NEW YORK (CBSNewYork/AP) – New York City’s Rent Guidelines Board will hold a final vote Monday on how much landlords can raise rents on stabilized apartments.

Public Advocate Letitia James is trying to convince the board to freeze rents for the city’s one million rent-stabilized tenants for the first time in history.

“New York should be a place everyone can afford to live,” she said. “Rent increases have allowed landlords to maintain high operating incomes while tenants’ incomes have stagnated.”

Tenants and others have claimed that the board has overestimated landlord costs in recent years. But landlords say this year, they face a 5.7 percent spike in operating costs.

http://newyork.cbslocal.com/2014/06/23/nycs-rent-guidelines-board-to-vote-on-rent-freeze/

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NYC’s Rent Guidelines Board To Vote On Rent Freeze For Stabilized Apartments (Original Post) hrmjustin Jun 2014 OP
Mayor de Blasio calls for a rent freeze hrmjustin Jun 2014 #1
 

hrmjustin

(71,265 posts)
1. Mayor de Blasio calls for a rent freeze
Mon Jun 23, 2014, 02:04 PM
Jun 2014

ERIN DURKIN

Saying the city is in the worst economic crisis since the Great Depression, Mayor de Blasio Monday called on the Rent Guideline Board to enact the city's first ever rent freeze.

Although he called for a freeze when campaigning for mayor, it's the first time that de Blasio has backed a halt on hikes since taking office.

But De Blasio, who said the drastic action was necessary to help struggling New Yorkers, refused to commit to a voluntary freeze on the rents he charges his tenants.

http://www.nydailynews.com/blogs/dailypolitics/mayor-de-blasio-calls-rent-freeze-blog-entry-1.1840392

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