The city’s Rent Guidelines Board voted on a preliminary range that will inform its final, binding vote in June.
costs, amid a deepening affordable housing shortage, record-high homelessness and an unequal recovery from the COVID pandemic.
The two landlord members on the board proposed increases of 7% to 10% on one-year leases and 11 to 14% hikes on two-year leases, while tenant advocates and at least five city councilmembers marched in a circle around them and drowned them out with chants. In a joint statement Tuesday, Council Speaker Adrienne Adams and Housing Committee Chair Pierina Sanchez referenced the surging cost of living and acompiled by the United Way of New York City that found more than three-quarters of renter households struggle to meet their basic needs.
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