Rent Guidelines Board

Board Is Met With Jeers as It Recommends an Increase in Rents

New York Times
by C. J. Hughes
May 1, 2012

A panel voted on Tuesday to recommend raising rents on rent-stabilized apartments in New York City by amounts comparable to those approved last year.

By a vote of 5 to 4 at Cooper Union’s Great Hall, the Rent Guidelines Board approved increases of 1.75 percent to 4 percent on one-year leases, and 3.5 percent to 6.75 percent increases on two-year leases.

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