The Rent Guidelines Board has voted to freeze the rents on rent-stabilized apartments that are up for a one-year lease renewal between October 1, 2016 and September 30, 2017, and has agreed on a 2-percent increase for two-year leases. It’s the second year in a row that one-year leases will not face a rent increase– a move that had previously been unprecedented in the 47-year history of the board.
“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.
Lower East Siders rallied against a 56-story building due to rise over the former Pathmark site, with some saying its luxury apartments constituted “racist development.”