Rent Guidelines Board To Hold Vote Tonight

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The Rent Guidelines Board will hold a final vote tonight on how much the tenants of more than one million rent-regulated city apartments will pay this fall.

Board members are gathering at Cooper Union’s Great Hall at 5:30 p.m. to consider a hike of 3 to 5.75 percent for one-year lease renewals and an increase of 6 to 9 percent for two-year lease renewals.

Buildings heated by oil would be hit with an extra 1-percent surcharge.

The Rent Stabilization Association, which represents some 25,000 property owners in the city, says raising rents are necessary to help keep up with the higher costs of running a building, such as fuel oil and rising taxes.

“The value of buildings has actually dropped this year, but tax assessments continue to go up, tax rates continue to go up, and water and sewer costs are right behind them,” said said Frank Ricci of the Rent Stabilization Association.

Tenants’ rights advocates say if there is any increase, it should be on the lower end of the range being considered by the Rent Guidelines Board.

Source: NY1 Continue reading this Article here

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1 Response for “Rent Guidelines Board To Hold Vote Tonight”

  1. Joseph Rivera says:

    Why do we need the government to tell is how to stabilize our living environment? African Americans, Native Americans, Mayans, Egyptian civilizations and other groups have survived of the land for hundreds of years without any support from the U.S government. Im not sure yet but I think my ideal would be for this whole political system to be changed. To think more about the welfare of the citizens. Why not worry about the people. We as a nation could live off of the land like we did once were there was no authority charging us to live in a home. Think about the serenity of living near a lake with a home. We can wash our own clothes, eat grown vegetables, make milk and cheese for protein. To finally go to sleep at night and not have to worry about a unpayed bill because we couldn’t afford it. If this ideal isn’t possible then one day I’m going to be someone big in the political field so I can change the views our government has had for the better. It’s about time we needed an idealist who is actually worrying about the people. Like seriously life is so short before you blink your life is almost over. We should make our lives on earth as peaceful and carefree as we can. As I write this I’m passing hundreds of acres of unused land entering south Carolina. We can make a world that doesn’t have to depend on the government. We did it before, we as the people can do it again.

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Rent Guidelines Board To Hold Vote Tonight »

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1 comment / Read More »

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