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. (more…)