Rallies and debates triggered by possible rent hikes across New York City have garnered an emotional response from New Yorkers hoping to keep their head above water with their monthly housing expenses.
Thursday, as the 9-member rent guidelines board approaches their annual vote on stabilized rentals across the city.
A city has more than 7 million citizens; among them, 70% are renters with everyday living costs that make renting a struggle. Another advocate pointed out the impact on NYC's black and brown tenants who have been disproportionally affected by the rising cost of housing. But the Rental Stabilization Association’s 26,000 members that own and manage more than a million apartments in the NYC metro argue rising costs of rents are simply necessary for maintaining properties.
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