The Rent Guidelines Board passed a preliminary first vote on one-year and two-year leases for rent-stabilized apartments in New York City.
The preliminary vote passed 5-4 on Tuesday night, advancing a range of proposed rent hikes ahead of a final vote scheduled for June 21.Landlords and tenant advocates increased the pressure on the Rent Guidelines Board ahead of the vote on Tuesday night, and at one point, tenants and organizers even jumped onto the stage and protested around the table where the board members presided.
Despite the deep divide between tenants and landlords, they actually have a lot in common. Both are feeling the sting of inflation. Both suffered during COVID: from landlords not receiving full rent to tenants not working. And on the board itself, those tenants and those representing landlords all voted against the proposed increases.Landlords say they need the money to deal with the rising cost of building repairs, property taxes, and energy bills.
The average household income for rent-stabilized tenants is $44,000, according to city estimates, making any kind of rent hike tough to swallow.
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