Nearly two hours after the Rent Guidelines Board was scheduled to vote on whether more than 1.2 million New Yorkers would be required to pay more for their rent-regulated apartments, the board made a historical decision to freeze rent increases for one-year leases. Amidst intermittent boos and cheers, the board’s chair, Rachel Godsil, announced that for the first time ever one-year leases would see a zero percent increase in rent, while two-year leases would be subject to a 2 percent increase.
“All you landlords, you can’t hide. We can see your greedy side,” and “All my money is spent when I pay my rent” were the chants that rose from housing activists and tenants at the Great Hall at Cooper Union yesterday evening. They rallied to demand that the Rent Guidelines Board roll back rents when it meets Monday to set new rent levels for regulated apartments.