NEW YORK (PIX11) — Despite a call to freeze rents on stabilized units, New York City’s Rent Guidelines Board approved a rent increase.
The Board agreed to a 1% increase for one-year leases and a 2.75% increase for two-year leases.
“While Mayor de Blasio believed that a one-year freeze and a 3 percent raise on two-year leases was the best option for New Yorkers struggling in the affordability crisis, the administration is heartened that the RGB heeded calls to keep any increase at a historic low,” said City Hall spokesman Wiley Norvell.
Speaker Melissa Mark-Viverito was disappointed with the vote, saying in a statement, “It is disappointing that the Rent Guidelines Board voted in support of a rent increase, despite hours of testimony from concerned, hard-working New Yorkers fighting to make ends meet.”
The statement continues, “While we appreciate that the increase was kept to a minimum, as our city’s housing crisis comes to a head, it’s crucial that we utilize every opportunity to fight for and preserve affordability for the New Yorkers who call this city home.