NYC Rent Board proposes hike up to 7.75 percent

Name: NYC Rent Board proposes hike up to 7.75 percent
Uploaded: 2025-05-01T02:43:39Z
Duration: 2 min 15 s
Description: Tensions flared at the latest Rent Guidelines Board meeting as members voted in favor of preliminary rent hikes on New York City's nearly one million rent-stabilized apartments. The board approved a potential increase of 1.75% to 4.25% for one-year leases and up to 7.75% for two-year leases, drawing fierce criticism from tenant advocates.

Tensions flared at the latest Rent Guidelines Board meeting as members voted in favor of preliminary rent hikes on New York City's nearly one million rent-stabilized apartments. The board approved a potential increase of 1.75% to 4.25% for one-year leases and up to 7.75% for two-year leases, drawing fierce criticism from tenant advocates.

Posted April 30, 2025 10:43pm EDT