Opposition to Unfair Rent Increases Proposed by Rent Guidelines Board
June 12, 2008
The New York City Rent Guidelines Board (RGB) has proposed a range of rent increases for rent regulated apartments. The increases would apply to leases renewed between October 1, 2008 and September 30, 2009. I strongly object to the size of the increases suggested by the RGB. The RGB proposes that rent increases on one-year renewal leases should be between 3.5% - 7%, while those for two-year leases should be between 5.5% - 9.5%.
While there is no doubt that landlord expenses have increased with rising fuel costs, the RGB’s proposed rent increases are significantly higher than usual, and would create a serious burden for low- and moderate-income New York tenants, who already face enough challenges in a stagnating economy and a city where food, transportation, medical, and other costs just continue to go up.
The final rent guidelines will be adopted at a meeting on June 19. In the meantime, the public will have the opportunity to comment. I will be testifying at a hearing on the proposed increases on Monday, June 16. The hearing will be from 10:00 a.m. to 6:00 p.m., at the Great Hall at Cooper Union, 7 East 7th St., at the corner of 3rd Ave. I strongly urge you to come to the hearing and add your voice in opposition to the size of the suggested increases.
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Thx for article