1% and 2.75%
Despite a massive turnout of tenants at last night’s Rent Guidelines Board vote, and calls for a rent freeze, the RGB voted for a 1% increase on one-year leases, and 2.75% for two-year leases. While it’s disappointing that the RGB didn’t vote for a rent freeze, the 1% increase for a one-year lease is the lowest ever in the 45 year history of the RGB. The tenants’ movement can take credit for making that happen. Now let’s focus on strengthening the NY State rent laws when they come up for renewal in June of next year. Let’s stay mobilized!
~ Steve Herrick, Executive Director