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Rent Guidelines Board Proposes Rent Increases

The Rent Guidelines Board held a preliminary vote at Cooper Union’s Great Hall on May 5th to adopt rent increases of between 2% – 4% for one year rent stabilized leases, and between 4% and 6% for 2 year leases.  Tenants will have an opportunity to testify about the proposed rent increases at public hearings on Thursday, June 17th.  The hearings will be held at Cooper Union’s Great Hall, between 10 am and 6 pm.  A final vote will be taken at Cooper Union on Thursday, June 24th.  Tenants are calling for a rent freeze.  Come out and testify on June 17th!