Wednesday, June 1, 2011
ATTENTION: NYC RGB Rent Increases
At its meeting on May 3, 2011, the NYC Rent Guidelines Board (RGB) adopted and proposed a range of renewal lease guidelines that will greatly impact many of New Yorkers.
The preliminary rent hike, approved on Tuesday, May 3rd, 2011 by the RGB is slated to be voted on next month. The board proposed changes to both one-year and two-year lease agreements. Increases for one-year leases will potentially fall between 3 and 5.75 percent, while two-year leases would go up between 6 and 9 percent.
Council Member James recently joined her colleagues on a trip to Albany to lobby State officials to strengthen and extend rent laws legislatively. The alternative would effectively allow low and middle-income New Yorkers to continue to flee this City and State due to progressively ballooning rental costs.
The RGB has scheduled two upcoming public hearings during which the public will be able to testify and weigh in on the adopted and proposed renewal lease guidelines. Details on the Brooklyn-based hearing is below—
Thursday, June 16, 2011
285 Jay Street in Downtown Brooklyn
Council Member James encourages you to attend and share your thoughts on a proposed rent hike.