Over the past ten years, the Rent Guidelines Board (RGB) has implemented rent increases below the inflation rate, resulting in effective rent reductions for many tenants on fixed incomes. This situation particularly impacts older residents relying solely on minimal cost-of-living adjustments. As a response, the RGB is considering small increases, which has sparked concerns, especially among tenants of distressed buildings seeking a rent freeze. Despite rational discussions from board members, tenants remain largely opposed to any increases, highlighted by a recent rally against proposed hikes.
The Rent Guidelines Board's low rent increases have resulted in actual rent reductions for tenants living on fixed incomes, intensifying distress in rent-stabilized buildings.
Rookie board member's explanation for a predictable rent increase may be rational, but is unlikely to resonate with emotionally charged tenants attending the RGB hearing.
Collection
[
|
...
]