Rent Guidelines Board holds hearing on proposed hikes

BROOKLYN - The Rent Guidelines Board held a public hearing Tuesday on the proposed rent hikes for residents living in rent-stabilized apartments in Brooklyn and the rest of the city.The meeting is the first of two public hearings the board has scheduled. The board is looking to get feedback from tenants on the proposed increases. One-year lease renewals are scheduled to go up between 2 and 4.5 percent and two-year leases would go up between 4 and 7.5 percent.Tenants across the city have argued that any increase will hurt because of the rising cost of day-to-day living. Landlords say the increases aren't enough and that paying mortgages will be difficult without a significant increase.

advertisement | advertise on News 12

Trending Video

Aziz Chirkeev, 20, was last seen April 3 1 Brighton Beach man missing for nearly two weeks
News 12 talks to viewers about how dating 2 Word on the Street: Dating apps and self-esteem
3 VIDEO: News conference from Monmouth County Prosecutor's Office
News 12 Long Island's Doug Geed takes a 4 Tasty Tuesday: Fresh spring ingredients
Video: Survivors reflect on Holocaust Remembrance Day 5 Video: Survivors reflect on Holocaust Remembrance Day

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