Statement from Speaker Adams Calling for the Rent Guidelines Board to Avoid Unreasonable Rent Increases for City’s Nearly One Million Rent-Stabilized Tenants

 

“New York City remains in the throes of a severe housing shortage and affordability crisis, record-high homelessness, and rising evictions that continues to push working- and middle-class families into dire situations and out of our city. These challenges, along with the increased cost of living, require all levels of government work towards solutions to stem the exodus of New Yorkers and help them stay in the city they love. There is also a need to provide support for small building owners and landlords to adequately maintain and preserve our city’s housing stock. Unreasonable rent increases will only exacerbate the impact of these intersecting crises on our neighborhoods and residents. New Yorkers need relief, and I urge the Rent Guidelines Board to limit increases so that our nearly one million tenants can afford to remain in their homes and contribute to the stability of our communities.”