Rent Guidelines Board votes in favor of raising rent for stabilized apartments
The city's Rent Guidelines Board has voted to raise rents for stabilized apartments. The board approved a 1 percent increase for one-year leases and a 2.75 percent increase for two-year leases.
•
Jun 24, 2014, 5:14 AM
•
Updated 3,838 days ago
Share:
The city's Rent Guidelines Board has voted to raise rents for stabilized apartments.
The board approved a 1 percent increase for one-year leases and a 2.75 percent increase for two-year leases.
Tenant and advocate groups had pushed for a rent freeze. Many protested and testified during public hearings last week in hopes of swaying the vote.
The decision impacts roughly 1 million tenants throughout the five boroughs who live in rent-stabilized apartments.
More from News 12
0:35
Two teenagers killed in Christmas Day crash on Route 52 in Liberty
2:09
Chilly end to the week ahead of periods of rain this weekend
1:37
Friday's Mega Millions drawing offers estimated $1.15 billion jackpot
1:49
Get ready for a reality-bending experience at 5-Wits in the Palisades Mall
0:18
Bill Murray makes surprise visit to Rockland Music Center on Christmas Eve
0:33
