Rent hike goes into effect in city, BX

THE BRONX - Tenants in rent-stabilized apartments in the Bronx and the rest of the city will have to pay a little more starting Monday.The rent hike approved earlier in the year is now in effect. The Rent Guidelines Board increased rents by 3 percent for one-year leases and 5.3 percent for two-year leases.Tenants protested the hike in June, claiming their incomes are going down and wouldn't be able to afford an increase. Landlords defended the rent hike, saying operating costs are rising and that the increase was necessary.

advertisement | advertise on News 12

Trending Video

A study says 88 percent of walking trips 1 Word on the Street: Walking with GPS
A stabbing at the subway station near Yankee 2 Man stabbed at Yankee Stadium subway station
3 VIDEO: Brooklyn Botanic Garden to host annual Sakura Matsuri Festival
4 Bronx Sportscast, April 24
5 Neighborhood Brief for April 23

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