Tenants and landlords showed up to the Rent Guidelines Board meeting to voice their concerns about the proposed 15.75% increase for rent-stabilized apartments.
The Rent Guidelines Board, appointed by Mayor Eric Adams, heard the voices of some of the roughly 1 million rent-stabilized tenants and their property owners during a hearing on Thursday.
"Trying to enjoy what life is left without worrying about so many problems but it's kind of difficult," Chisholm said. "I have cases because the landlord went, knock on the door, you're going to get evicted," Nurys Laureano of Housing Court said. "You know what happened? They end up with a stroke in the hospital. The apartment empty - ready to be rented to someone else."And this year, it's considering a potentially unprecedented hike of more than 8% on 1-year leases and nearly 16% on 2-year leases.
But Leah Goodridge, a former member of the Rent Guidelines Board who testified, said an increase of this magnitude makes even less sense to struggling tenants already in the middle of a housing crisis. The average rent for a New York City studio Apartment is $3,400 dollars.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYC Rent Guidelines Board considers significant hikes for rent-stabilized apartmentsLandlords say it's necessary to keep rent-stabilized buildings operational. Tenants say it will lead to many evictions.
Read more »
California's Air Resources Board approves 1st-in-nation rule for locomotive engine emissionsBREAKING California's Air Resources Board voted to approve a rule banning the use of locomotive engines more than 23 years old by 2030 and increasing the use of zero-emissions technology to transport freight from ports and throughout railyards.
Read more »
California's Air Resources Board approves 1st-in-nation rule for locomotive engine emissionsCalifornia's Air Resources Board voted to approve a rule banning the use of locomotive engines more than 23 years old by 2030
Read more »
NASCAR Trucks Master Ron Hornaday Named to NASCAR '75 Greatest' ListThe NACAR Hall of Famer is a four-time NASCAR Camping World Truck Series champion.
Read more »
WATCH: NIOSA, A Night in Old San Antonio, celebrates 75 yearsOne of Fiesta’s most beloved events is back! “A Night in Old San Antonio” or NIOSA.
Read more »
NASCAR Names Jeff Burton to '75 Greatest Drivers' ListThe 21-time winner in the NASCAR Cup Series also won 27 times in Xfinity.
Read more »