Landlords and tenants speak out on proposed increases at Rent Guidelines Board meeting
NEW YORK CITY (WABC) -- The Rent Guidelines Board is hearing from landlords and tenant advocates in a meeting Thursday morning in Lower Manhattan.
The board is expected to hold a preliminary vote on rent increases in two weeks, followed by a final vote in June.
A specific date for the final vote has not yet been scheduled. Any approved increases would take effect Oct. 1.
Mayor Zohran Mamdani pledged to freeze rents for rent-stabilized apartments. Six of the nine members of the Rent Guidelines Board were appointed or reappointed by the mayor.
Last year, the board approved a 3% increase for one-year leases and a 4.5% increase for two-year leases during the Adams administration. Adams had unsuccessfully attempted to change the makeup of the board before those votes.
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