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    Rent Guidelines Board

    Rent Guidelines Board Votes to End Two Year Rent Freeze

    Rent Regulation  •  Citywide

    Council Member Ben Kallos with Herndon Werth, a rent-stabilized tenant. Image credit: The Office of Council Member Ben Kallos.

    The Rent Guidelines Board held a preliminary vote to increase rents on one-year and two-year leases in New York City. On April 25, 2017, the City’s Rent Guidelines voted to raise the rents for New York City’s one million rent stabilized apartments. In the two previous years the Board had voted to freeze rents citywide, the first freezes in New York City’s history. For CityLand‘s previous coverage of the rent freezes, click here. (read more…)

    Date:05/02/2017
    Category : Rent Guidelines Board
    (2) Comment

    Rent Guidelines Board Freezes One-Year Leases for 2nd-Year in a Row

    Rent Regulation  •  Citywide

    Board votes for rent freeze despite strong push for a rent rollback by City Council coalition. On June 27, 2016, the New York City Rent Guidelines Board held a final vote to set guidelines for 2016-2017. This vote took place one year after the Rent Guidelines Board made a historic decision to freeze one-year leases instead of raising them. (read more…)

    Tags : Council Member Ben Kallos, Council Member Helen Rosenthal, Manhattan Borough President Gale Brewer, NYC Rent Guidelines Board, Rent Stabilization Association
    Date:06/29/2016
    Category : Rent Guidelines Board
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    Rent Guidelines Board Holds Rents at Current Levels

    Rent Regulation  •  Citywide
    Councilmembers Jumaane Williams (center) and Ben Kallos (left) at a rally for rent reform. Image credit: William Alatriste/NYC Council

    Councilmembers Jumaane Williams (center) and Ben Kallos (left) at a rally for rent reform. Image credit: William Alatriste/NYC Council

    Freeze vote first of its kind in Board history, applies to one-year leases in rent-regulated units.  On June 29, 2015 the Rent Guidelines Board voted 7-2 to not increase rents on one-year leases, affecting 1.2 million tenants of New York City’s rent-regulated apartments.  The vote marked the first occasion where the Board decided to freeze rents. The Board’s vote also increased rents on two-year leases by 2 percent, a historically-low rate.  The new rents will take effect with leases begun or renewed on October 1, 2015 or later.

    (read more…)

    Tags : Council Member Ben Kallos, Council Member Jumaane D. Williams, Mayor Bill de Blasio, NYC Rent Guidelines Board, rent regulation, Rent Stabilization Association
    Date:07/06/2015
    Category : Rent Guidelines Board
    (1) Comment

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