Rent-stabilized tenants rally against proposed increases
The proposed increases, ranging from 1.75% to 4.75% for one-year leases and 3.75% to 7.75% for two-year leases, would impact more than 2.5 million New Yorkers.
The Rent Guidelines Board is considering rent hikes that could take effect as early as October - and rent-stabilized tenants across New York City are raising their voices in protest, calling for affordability and stability.
The proposed increases, ranging from 1.75% to 4.75% for one-year leases and 3.75% to 7.75% for two-year leases, would impact more than 2.5 million New Yorkers.
For Roberto Rodriguez, a retired Department of Education teacher, the issue hits close to home.
"If I can’t make ends meet, imagine other people," he said, urging the board to prioritize community preservation over profits.
“Every time we turn around someone is moving out or being gentrified. RGB is not helping us stay in these communities," added Rodriguez.
Public Advocate Jumaane Williams also weighed in during News 12’s segment, saying he supports a rent freeze, while acknowledging some small property owners are struggling.
“We’ve seen hikes in rent, but we haven’t seen better housing,” Williams said. “Let’s find a way to help those owners who need it.”
The Small Property Owners of New York argue that a minimum increase of 6.3% is necessary to offset mounting costs, from property taxes to utilities and maintenance.
The RGB is expected to vote on the final rates later this month.
If approved, the increases would take effect in October, potentially reshaping the future of rent-stabilized housing across the city.
