NYC Rent-Stabilized Apartments Face Approved Hikes Despite Tenant Opposition
TL;DR
New York City has approved a 3% increase in rents for approximately 1 million rent-stabilized apartments, with two-year leases seeing a staggered increase of 2.75% for the first year and 3.2% for the second year. The increase comes into effect from Oct. 1. The city also increased rents last year. The vast majority of rent-stabilized tenants pay significantly less than median rent.
Topics:nationbusiness#affordable-housing#business#landlords#nyc#rent-increase#rent-stabilized-apartments
- NYC approves hikes for some 1M rent-stabilized apartments The Washington Post
- NYC Rent Guidelines Board approves rent increases for rent-stabilized apartments PIX11 New York News
- NYC tenants awaiting final Rent Guidelines Board vote CBS New York
- Rent hike passes for NYC's 1M stabilized apartments after final board vote WABC-TV
- Opinion: The Rent Guidelines Board Sucks. It Could be Great—Here's How City Limits
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