Over the past 40 years, landlord increases ordered yearly by the Rent Guidelines Board (RGB) have sharply exceeded the actual increases in owners' expenses. As a result, about 400 tenants rallied to demand a reduction ("rollback") - or at least another rent freeze. Even last year's rent freeze for 1-year lease renewals didn't balance the owners' expenses with the increases they've gotten over the years. (Click on "read more" below for some of the rally media reports.)
On May 2, 2016, the Rent Guidelines Board held its preliminary vote - before taking tenant and landlord testimony - and agreed as they do every year to consider a range - from freezing rents to 3.5%. The RGB will take testimony at several meetings: Sign up to testify by calling the RGB at 212-669-7480.. The final vote for the year is June 27, 2016.
Proposed Rent Stabilized Apartment Renewal Guidelines - Preliminary vote
Together with such further adjustments as may be authorized by law, the annual adjustment for renewal leases for apartments shall be:
For a one-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0% - 2%
For a two-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0.5% - 3.5%
On May 2, 2016, the Rent Guidelines Board held its preliminary vote - before taking tenant and landlord testimony - and agreed as they do every year to consider a range - from freezing rents to 3.5%. The RGB will take testimony at several meetings: Sign up to testify by calling the RGB at 212-669-7480.. The final vote for the year is June 27, 2016.
Together with such further adjustments as may be authorized by law, the annual adjustment for renewal leases for apartments shall be:
For a one-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0% - 2%
For a two-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0.5% - 3.5%
There are a lot of articles and video and audio clips about the Rent Guidelines Board Meeting:
Print / Online
Mireya Navarro, The New York Times, 5.3.16
Josh Barbanel, The Wall Street Journal, 5.3.16
Also in the Observer
Emma Whitford, Gothamist, 5.4.16
Kathryn Brenzel, The Real Deal, 5.4.16
Jennifer Fermino and Denis Slattery, New York Daily News, 5.3.16
Sally Goldenberg, Politico New York, 5.3.16
Also in New York Playbook
Cristina Warne, Top News, 5.4.16
TV
ABC 7 New York, 5.3.16
Michael Scotto, New York 1, 5.4.16
New York 1, 5.3.16
James Ford, PIX 11, 5.3.16
Also in New York Amsterdam News
Radio
5.4.16
