RGB votes highest increase since 2008 for rent stabilized lease renewals

The Rent Guidelines Board voted that rent stabilized tenants who renew their leases effective any time from Oct. 1, 2013 through September 30, 2013 must pay these increases:

For a 1-year lease renewal:  4% increase  

For a 2-year lease renewal:  7.75% increase.

Since it appears the RGB's calculations are based on poor math, this is quite a hit.  But it's a boon for the landlords. 

Be at the Rent Guidelines Bd. FINAL VOTE - Thurs., 6/20/2013

Come to the final vote of the Rent Guidelines Board TONIGHT at 5:30 PM.    

Let's be there and build  toward a bigger presence when the rent laws expire in 2015. 

The hearing is at the Great Hall at Cooper Union, 7 E. 7th St. (corner 3rd Ave.) (Click on "read more" below for how to get there.)

Appointed by the Mayor, the Board members will pick percentage increases  - and a flat dollar amount increase for those whose rents are below $1000.  *

PROPOSED RENEWAL ADJUSTMENTS FOR APARTMENTS

Here's the range so far: 

• For a one-year renewal lease commencing on or after October 1, 2013 and on or before September 30, 2014:                  3.25% - 6.25%
• For a two-year renewal lease commencing on or after October 1, 2013 and on or before September 30, 2014:                 5.0% - 9.5%

Join Tenants and  Neighbors and other groups there this evening.

In the Neighborhood . . .

Given questions about lead in the ground of the parking lot on 97th Street between Columbus and Amsterdam Avenue . . . 

RGB - June 13, and "People's RGB" on June 5

Speak out at the Rent Guidelines Board hearing on June 13th starting at 10 AM in lower Manhattan.  If you can't do it then (and even if you can), come to the "People's RGB" in the Bronx on June 5th starting at 5:30 PM.  

Each June, the Rent Guidelines Board sets the percentage increase for rent stabilized apartments whose leases are renewed any time during the year period beginning the next

October 1st.  This year, they're proposing the highest increases in a long time:

PROPOSED INCREASE RANGE: 

• For one-year increase periods commencing on or after October 1, 2013 and on or before September 30, 2014:                3.25% - 6.25%
• For two-year increase periods commencing on or after October 1, 2013 and on or before September 30, 2014:                5.0% - 9.5%

(The RGB will vote to pick some number in those ranges.)