Rent Guidelines Board holds hearing on proposed hikes

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

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

Bratton led the NYPD from 1994 to 1996 1 De Blasio picks William Bratton to head NYPD
2 Farmingdale State men's basketball headed to NCAA tourney
VIDEO: Discovery of human remains in freezer shocks 3 VIDEO: Discovery of human remains in freezer shocks neighbors
Pauline Garner says she has been sleeping on 4 NYCHA tenant without furniture after ceiling leak
5 Park Slope coffee shop offers space for community use

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