Earlier this week the Rent Guidelines Board passed a preliminary vote advancing a range of proposed rent hikes on rent-stabilized apartments in New York City. If passed in a final vote scheduled for June 21, these potential adjustments could increase rent 2-5% for one-year leases and 4-7% for two-year leases. I know many of you are personally affected or, at least, deeply concerned by this action – I share your concern and want you to know that I stand with you in strong opposition to the Board’s decision. Our city is still entrenched in a housing crisis that has seen median rent as high as $5,000 in Manhattan and many rent-stabilized tenants are still feeling the impacts of the Board’s rent increases from just a year ago. Now is not the time for more rent increases that puts further burden on the backs of nearly 2 million vulnerable New Yorkers. It’s time for the opposite – a total rent freeze for stabilized units. I’m committed to continue fighting as the Board moves to its final vote and strongly urge it to reject any proposed increases that add financial stress to the lives of struggling New Yorkers. But this fight doesn’t stop with the Rent Guidelines Board. We have so much work to do to help alleviate the pressures facing New Yorkers struggling to stay in their homes. As the Mayor and the City Council negotiate the budget, my colleagues and I have urged them to boost funding for the vital Right to Counsel program. |
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