Tenants weigh in on possible rent hikes for rent-stabilized homes

The vote finished 5-2 in favor of the hike. Two of the board members left the stage before the vote was made in protest of the increases.

Asha McKenzie and

News 12 Staff

May 1, 2024, 9:34 PM

Updated 26 days ago

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A preliminary vote to raise rent for tenants in rent-stabilized housing in New York City is causing tension between renters and landlords.
The hike, if approved, would be the third straight year that rent-stabilized houses increased in price.
Community members are saying that the rise in rent costs is something that they cannot afford to pay. Others say that the money from the potential rent hike is needed in order to keep the buildings up to standard.
One resident who lives in a rent-stabilized apartment tells News 12 that he feels the city is looking to push people out of their homes.
The vote finished 5-2 in favor of the hike. Two of the board members left the stage before the vote was made in protest of the increases.
The hike would be anywhere from 2% to 4% for one-year leases and 4% to 6.5% for two-year leases.
Hostos Community College will hold a public hearing regarding the potential rent hike on June 3. The final vote for the rent hike proposal is set to take place June 17.


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