The New York City Rent Guidelines Board's recent preliminary vote to raise rents on over one million rent-stabilized units has faced strong backlash from tenant advocates. The proposed increases range from 1.75% to 4.75% for one-year leases, and up to 7.75% for two-year leases, which tenants fear will exacerbate the affordability crisis. Protesters rallied outside the meeting, demanding a rent freeze as tenant members proposed lower increases contrary to landlord-aligned members pushing for higher hikes citing maintenance costs as justification for the increases. The final vote will take place in late June.
Protesters with the New York State Tenant Bloc rallied outside the LaGuardia Performing Arts Center in Long Island City, Queens ahead of the vote and interrupted the meeting with chants calling for a full rent freeze.
I'm utterly disappointed and angered that the Board is about to raise rents on millions of New Yorkers for the fifth year in a row and not consider a much-needed rent freeze.
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