For First Time, Board Considers NYC Rent Freeze
Wednesday, May 7, 2014 9:33 pm |
< 1 Minute Read
The NYC Rent Guidelines Board on Monday voted to consider 0 to 3 percent increases on one-year leases on rent-regulated apartments, and 0.5 percent to 4.5 percent increases on two-year rents — the first time they considered a rent freeze. Building owners called the vote outrageous while tenant groups applauded it. A final vote is set for June 23 following public hearings.
This article appeared in print on page 5 of edition of Hamodia.
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