Rent hike for stabilized housing in effect

More than 1 million rent-stabilized households will be impacted Thursday when rent increases go into effect.Back in June, the NYC Rent Guidelines Board adopted new

NEW YORK CITY - More than 1 million rent-stabilized households will be impacted Thursday when rent increases go into effect.

Back in June, the NYC Rent Guidelines Board adopted new renewal lease guidelines for rent-stabilized apartments. For those with one-year leases, there's a hike of 3 percent. A 6 percent hike goes into effect for two-year leases.

Renters from all over the city will protest the increases Thursday on the steps of City Hall.

advertisement | advertise on News 12

Trending Video

A 21-year-old was critically injured after crashing his 1 21-year-old critically injured in crash on Bronx River Parkway
Mount St. Michael wins CHSAA Archdiocesan title 2 Mount St. Michael wins CHSAA Archdiocesan title
3 Neighborhood Brief for Feb. 26
Authorities say 10 people were injured when a 4 10 injured in Morrisania apartment fire
VIDEO: Scenes from fatal accident 5 VIDEO: Scenes from fatal accident

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE