In New York City, rent-stabilized tenants are facing potential rent increases for the third consecutive year. The Rent Guidelines Board has proposed up to a 6.5% increase on two-year leases for nearly one million rent-stabilized apartments. This move comes as NYC's average rent prices continue to rise, defying flat national trends, with the current average nearing $4,300. The preliminary vote by the board has sparked concerns among tenants and advocacy groups, prompting a mobilization of tenants from Upper Manhattan to Queens, supported by RENA, NMIC, and CLOTH159, to demand a rent rollback.
NEW: Because there isn’t enough news tonight, Rent Guidelines Board proposes up to 6.5% increase on 2-year leases & @NYCMayor warns of increases from board he controls. By @JanakiChadha: https://t.co/SK0wIsv6q3
A New York City panel on Tuesday signaled that it would allow rents across nearly one million rent-stabilized apartments to continue to go up. https://t.co/BfOMN86QIr
Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases https://t.co/EEOsco79R1
Around 2 million New Yorkers living in stabilized apartments will likely see their rents climb for the third year in a row. https://t.co/dp0DqXiCX0
NYC’s rent-stabilized tenants could face 6.5% increase after latest board vote https://t.co/JrNtIdB4An
The Rent Guidelines Board’s preliminary vote to regulate rent-stabilized buildings is tonight. A rent increase threatens the lives of tenants. With support from RENA, @NMICnyc & @CLOTH159, a bus load of Upper Manhattan tenants made the trek to Queens to demand a rent rollback. https://t.co/HfOapA9J67
NYC's Rising, Nearly $4,300 Rent 'Bucks' Flat Nationwide Trends: Study https://t.co/FJHwjeDzfS