Stabilized Rents Increased By 3% and 5.8%
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The city ‘s Rent Guidelines Board voted yesterday to increase rents on stabilized housing by 3% for apartments with one-year leases and by 5.75% for apartments with two-year leases. The increases will go into effect on October 1.
The board made its decision last night at a raucous meeting where between 100 and 150 tenants protested so loudly that most of the board members’ comments were drowned out by chants like “Shame on you” and “Liar.”
Tenant organizations have opposed any rent increase, while building owners have said that rent hikes are needed to cover rising costs.
The board is composed of nine members appointed by the mayor, with two representing tenants, two representing landlords, and five representing the general public. The 5–4 vote passed with only the votes of the public representatives.
A zero percent increase proposed by tenant advocates failed 7–2, as did one calling for increases of 1% for one-year leases and 2% for two-year leases. A proposal by owner advocates of 5% and 9% increases also failed by a 7-2 vote.
After protesters at last year’s vote tried to prevent the meeting from taking place, this year’s edition featured an increased security presence.