NYC’s Rent Guidelines Board To Vote On Rent Freeze For Stabilized Apartments
NEW YORK (CBSNewYork/AP) New York Citys 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 citys 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/