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Landlords Call NYC Board's Proposed Rent Hike "Slow Demise"

RGB weighs 2 to 4.5% increase on one-year leases for rent-controlled apartments.

New York City’s Rent Guidelines Board voted this week to consider increases ranging from 2 to 4.5% on new one-year leases, and 4 to 6.5% on new two-year leases, for NYC’s 1M rent-controlled apartments.

The nine-member board will determine the final rates, which will be effective on leases signed after Oct. 1, at its meeting on June 17.

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Jack Rogers

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