The New York City Rent Guidelines Board has voted Monday evening to approve rent increases for the city's approximately 1 million rent-stabilized apartments. The decision, made during a final vote on Monday night, will result in a 2.75% increase for one-year lease renewals and a 5.25% increase for two-year lease renewals. The vote follows a period of significant debate and public outcry, with many city officials and residents urging the board to limit the increases due to the ongoing housing and affordability crisis. The new rent hikes are set to take effect in October and mark the third consecutive year of rent increases for these apartments.
Tenants in New York City’s roughly 1 million rent-stabilized apartments will face a third consecutive year of price increases https://t.co/L6dqx185Gj
NYC Rent Guidelines Board Hikes Rents 2.75% for 1 Million Apartments https://t.co/E56rOCe4g4
BREAKING: Rent for NYC’s rent-stabilized apartments will increase for a third straight year. The Rent Guidelines Board made the decision at a chaotic final vote on Monday. https://t.co/ocrOiUXXXf
JUST IN: The NYC Rent Guidelines Board voted Monday night in favor of a series of potential rent increases for New Yorkers living in the city’s one million rent-stabilized apartments https://t.co/5CZND7dWv1
Over boos and jeers, the Rent Guidelines Board voted to increase rents at rent-stabilized apartments in NYC by 2.75 percent on one-year lease renewals and 5.25 percent on two-year lease renewals.
NYC board votes to hike rents by 2.75% for 1 million rent-stabilized apartments https://t.co/AanJk6bjFY
The Rent Guidelines Board voted to approve hikes for the city's approximately 1 million stabilized apartments, with increases set to start in October. https://t.co/SiMJuBsn79
My statement on the proposed rent hike for tonight’s vote by the New York City Rent Guidelines Board.⤵️ https://t.co/LXbPceuPuJ
NYC Rent Board increases rent for stabilized apartments – again https://t.co/QaJPXtKuhA https://t.co/zVBwygmJOD
UPDATE: NYC Rent Guidelines Board to vote soon on increases to stabilized apartments. @AliBaumanTV has the latest. https://t.co/rEmoIrlYds
With rents at historic highs, we can't keep trying to squeeze more money out of tenants who simply do not have it. As the Rent Guidelines Board votes on a 2-4.5% increase on one-year leases, and a 4-6.5% increase jump for two-year leases, they must finally listen to tenants. https://t.co/N4IG2dvN8z
My testimony on the proposed rent increases ahead of tonight's final Rent Guidelines Board vote. https://t.co/V7aacOaE2l
More inflationary pressure on the way for NYC renters: NYC Rent Guidelines Board to approve rent increases for 1M stabilized apartments on Monday evening …already voted in April to support an increase of 2.0-4.5% for one-year leases Annual vote highlight NYC’s affordability… https://t.co/SHf0UVVL2M https://t.co/utj4lCFY5z
I join @NYCSpeakerAdams in urging the Rent Guidelines Board to limit rent increases. We are in a housing crisis, and unreasonable increases will only lead to displacement of hardworking New Yorkers. https://t.co/DwszJRVQaO
I join @NYCSpeakerAdams in urging the Rent Guidelines Board to limit increases. We are in a housing crisis, and unreasonable increases will only lead to displacement of hardworking New Yorkers. https://t.co/DwszJRVQaO
Unreasonable rent increases will only exacerbate NYC’s housing and affordability crisis. Ahead of tonight’s final hearing and vote, I’m urging the Rent Guidelines Board to limit increases so nearly 1 million tenants can afford to remain in their homes. https://t.co/hDDfhLwz2G https://t.co/hGlzO22DTy
The Rent Guidelines Board will vote on final rent increases tonight for rent-stabilized apartments. Preliminary ranges are between 2 and 4.5 percent for one-year leases and 4 and 6.5 percent for two-year leases. https://t.co/p5u1d8WIla
Please see Majority Leader Amanda Farías' statement on today's anticipated rent guidelines board vote here. https://t.co/0NqvP3NQkZ
A vote on proposed rent increases to rent stabilized apartments will take place on Monday. The city's Rent Guidelines Board is considering increases of 2% to 4.5% for one year leases and 4% to 6.5% for two year leases. Read more at https://t.co/5pwNf8OFRU https://t.co/SuV6LQgI7n
Happening Today: New York City's Rent Guidelines Board will vote tonight on another proposed rent increase for rent stabilized apartments. @Christinafantv has the details. https://t.co/rEmoIrlYds
Rent Guidelines Board to vote on increases of up to 6.5% for rent-stabilized apartments in NYC https://t.co/10UmWKPaLs https://t.co/0BCpIo6rPu
Some New Yorkers are bracing for a rent increase. The Rent Guidelines Board is set to take a final vote Monday night to approve increases for rent-stabilized apartments. https://t.co/nyULg0zyUr
NYC panel could hike rents for stabilized tenants 6.5% in Monday vote... https://t.co/kfG0UzBqLC