Board approves city rent hikes for next year

Some Brooklyn residents will be dishing out more money on living expenses next year after the city Rent Guidelines Board voted in favor of a

BROOKLYN - Some Brooklyn residents will be dishing out more money on living expenses next year after the city Rent Guidelines Board voted in favor of a proposal to raise rents on about one million rent-stabilized apartments.

The plan calls for a 2-percent hike on one-year leases and a 4-percent increase on two-year leases. Landlords say owners need the extra money to keep buildings in good condition, but tenant groups argue that New Yorkers can't afford it.

City Comptroller John Liu issued a statement saying in part, "It is disappointing that the Rent Guidelines Board refused to consider freezing rents in stabilized apartments for this year...It is, however, encouraging that the recommended increase is the lowest it has been in at least seven years."

Legislature extends NYC rent control lawBrooklyn tenants stage sleep-in for rent-regulation renewal

advertisement | advertise on News 12

Trending Video

1 Neighborhood Brief for Feb. 26
2 Neighborhood Brief for Feb. 26
Animal rights activists continued to protest outside the 3 Protesters gather outside Ringling Bros. Circus
Barre originates from ballet, and similarly aims to 4 Ready, Set, Fit: Barre
One person was injured after being struck by 5 1 injured after being struck by car

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE