Westchester Rent Guidelines Board approves rent hikes of 2% on 1-year leases, 3% on 2-year leases
Rent for those living in 25,000 rent-stabilized apartments in Westchester County is about to increase.
The Westchester Rent Guidelines Board approved rent hikes during a meeting Monday night. Rent will go up 2% on 1-year leases and 3% on 2-year leases.
"We're very disappointed in the rates that the rent guidelines board approved for us," says Lisa Derosa, landlord of Derosa Builders, Inc.
Dennis Hanratty, the executive director of Mount Vernon United Tenants, says he doesn't think the increase was warranted.
"I thought it was terrible," says Hanratty.
The new rent adjustments will be in effect from Oct. 1 to Sept. 30 of next year.