Rent Guidelines Board approves preliminary rent increases

April 30, 2013 3:30:18 PM PDT
The Rent Guidelines Board just held a preliminary vote on next year's rent increases for New York City's rent stabilized apartments and single room occupancies.

The Board approved preliminary increases of between 3.25 and 6.25 percent on 1 year leases and 5 and 9.5 percent on 2 year leases.

Tonight's vote happened at the U.S. Customs House in Lower Mountain, NOT Cooper Union.

The Board will hold several public meetings before their final vote, which is scheduled for June 20th.