New York City\u2019s Rent Guidelines Board took a step Thursday night toward deciding how much rents could increase this year for millions of people living in rent-stabilized apartments.<\/p>\n
After a heated meeting filled with chants, frustration and rallies from both tenants and landlords, the board approved a preliminary range of possible rent increases.<\/p>\n
The proposal would allow rents to go up anywhere from 0% to 2% for one-year leases and 0% to 4% for two-year leases.<\/p>\n
The vote is not final, but it gives New Yorkers an early look at where rent increases could land later this summer.<\/p>\n
The meeting quickly turned tense.<\/p>\n
At one point, people inside the room chanted \u201cshame on you\u201d after a proposal that would have kept rents flat for both one- and two-year leases failed.<\/p>\n
Another proposal that would have allowed much steeper increases \u2014 up to 5.5% for one-year leases and 8% for two-year leases \u2014 also failed.<\/p>\n
In the end, the board settled on a middle-ground proposal that upset people on both sides.<\/p>\n
Outside the meeting in Long Island City, tenant groups rallied for a rent freeze or even rent cuts, saying many New Yorkers are already struggling with high grocery prices, rising bills and the overall cost of living.<\/p>\n
Some tenant advocates argued that even a small rent increase could push families closer to losing their housing.<\/p>\n
Landlord groups also pushed back against the vote, saying small property owners are dealing with rising insurance costs, taxes, repairs and utility bills.<\/p>\n
The debate is also drawing attention because Mayor Zohran Mamdani campaigned on a promise to freeze rents for stabilized apartments.<\/p>\n
After Thursday night\u2019s vote, the mayor released a statement saying he was encouraged the board is considering affordability as the process moves forward.<\/p>\n
About 2.4 million New Yorkers live in rent-stabilized apartments across the city.<\/p>\n
The Rent Guidelines Board will now hold several public hearings before taking a final vote on June 25.<\/p>\n
Residents in Brooklyn and the Bronx will each get a chance to speak directly to the board during upcoming hearings:<\/p>\n","protected":false},"excerpt":{"rendered":"New York City\u2019s Rent Guidelines Board took a step Thursday night toward deciding how much rents could increase…\n","protected":false},"author":2,"featured_media":224554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-224553","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/224553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=224553"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/224553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/224554"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=224553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=224553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=224553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}