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Renters in <a href="https://bronx.news12.com/rent-guidelines-board-votes-in-favor-of-increasing-rent-citywide">New York City</a> will be paying more after the Rent Guidelines Board approved a hike for rent-stabilized apartments.

Renters in New York City will be paying more after the Rent Guidelines Board approved a hike for rent-stabilized apartments.

The Rent Guidelines Board voted to increase rent by the highest increase in rent stabilized housing in 10 years. The board had a split 5-4 vote and considered many factors, including operating costs, inflation and small businesses struggling to maintain their properties.

The proposed hike is a 2% - 4% increase on one-year leases and a 4% - 6% increase on two-year leases. The board settled on a 3.25% increase on one-year leases and a 5% increase on two-year leases.

The rent increases are set to begin as early as Oct. 1 for rent-controlled housing.

Bronx

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Back now for checking that hyperlocal forecast and you can kind of feel it around a and the rain is coming. Yeah, it is an unfortunate timing here for the evening commute. So you definitely want to have your umbrellas, especially for the next several hours as the rain will ramp up, start off on the light side become a steadier rain widespread all across the borough and not just the borough, if you're planning, let's say to head into the city or out towards Queens or Long Island, you'll see that rain really pretty much 67 o'clock hour everywhere across the city and then it'll quickly tail off. So later on for any Friday night plans, if you're planning to be out late, it'll be dry. You just gotta get through about eight or 9 p.m. And then into the weekend we start off dry and the better half of the weekend for sure is going to be on Saturday expecting the big 60, might be the last time this year we're going to see the 60 degree mark. I know it's already December and it's not common to see sixties or above. Back to reality for Sunday back to about 53 still a couple of degrees above average for this time of year, but it will come with rain and this threat is increasing. Let's take a look at the future cast even as soon as Saturday night, a couple of showers now being picked up on future casts. Certainly possible. Especially if a coastal storm tries to form. That part of the storm system weakens as it comes through Sunday morning, a little bit of a break and then more rain arrives at around lunchtime. So late brunch, lunch plans definitely move them inside or just move those plants to tomorrow because tomorrow's going to be dry into the afternoon, expecting some moderate pockets of rain to be moving in. This is at about three o'clock then heading towards the four and five o'clock hour. Same deal. The potential is there for some heavier batches of rain. So definitely I have that yellow highlight there on that 10 day forecast. And listen, it's a quick mover. So Monday morning, honestly, we're fine morning commute looks good. The rest of the week looks ok. But colder, you said 53 is a couple degrees above where we normally, what is our normal temperature for normal is about 50 right now, still pretty warm and we're gonna be over that this weekend. Thank you.

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Rent for NYC apartments to see price hike following board decision

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highest increase in rent the city has seen in years, has now been approved for rent stabilized apartments after a vote last night. Yeah, News was Britney Cadet is in Canarsie Brooklyn to explain what this means for all of you at home Brittany asia and Anthony renters in the city will be looking at the highest rate increase the city has seen in 10 years and Mayor Adams says this may be a burden for tenants, but this may be the only option for landlords in that vote. Last night the board was split 54. The rent guidelines board considered many factors including operating costs, inflation and small businesses who are struggling to maintain their properties. This impacts leases renewed between October one of this year and September of 2023. So here's what you can expect to see for one year leases. The board voted on a 3.25% increase on two year leases. They went with a 5% increase. The move has many upset this idea of money will trickle down for better conditions is false. This happens every year. The cost of housing continues to go up and yet this board is tasked with making an impossible decision and we're told that we can look forward to the rent increases beginning this October one Britney Cadet News 12

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