Rent Guideline Board considers small rent hike for 1 million tenants

new york city rent control
The city’s Rent Guideline Board floated the idea of raising the cost one-year leases by up to 3 percent. Residents with two-year leases might see a 0.5 to 4.5 percent jump.
Credit: Prime New York City

Tenants in rent-regulated apartments might catch a break this year as the board responsible for determining hikes considers a price freeze.

The city’s Rent Guideline Board floated the idea of raising one-year leases by between 0 and 3 percent. Residents with two-year leases might see a 0.5 to 4.5 percent jump. Eight board members voted in favor of the proposal, one against.

The vote on Monday was only preliminary — the board plans to host a series of public hearings across the city where tenants can offer testimony. The final decision won’t be made until the final vote on June 23.

New York has about 1 million rent-stabilized apartments, which fall under the board’s purview. If the board approves the rent freeze, it will be the first time it does so since its creation in 1969.

Representatives for building owners, including the Rent Stabilization Association, recommended increases of between 3.6 and 5.5 percent for a one-year lease and between 4.3 to 9.5 percent for two-year leases.

Last year, the board upped rent by 4 percent for one-year lease renewals and up to 7.75 percent for two-year leases.

Mayor Bill de Blasio, who unveiled his comprehensive plan to preserve and expand the city’s affordable housing stock on Monday, appointed five members to the board in March.

Public testimony schedule

Thursday, June 12 at 5 p.m.
Hostos Community College/CUNY Repertory Theatre
450 Grand Concourse
Bronx, NY 10451

Monday, June 16 at 2 p.m.
Emigrant Savings Bank Building
49-51 Chambers St.
New York, NY 10007

Wednesday, June 18 at 5 p.m.
Brooklyn Borough Hall
209 Joralemon St.
Brooklyn, NY 11201

Thursday, June 19 at 5 p.m.
Queens Borough Hall
120-55 Queens Blvd.
Kew Gardens, NY 11424

Final Vote
Thursday, June 23 at 6 p.m.
The Great Hall at Cooper Union
7 E. Seventh St.
New York, NY 10003

Follow Chester Jesus Soria on Twitter @chestersoria


Federal mediator joins Met Opera labor talks as…

Unions representing the orchestra and chorus of the Met Opera agreed to have a federal mediator join labor talks on Thursday as a threatened lockout loomed.


Winning $7 million New York lottery ticket sold…

The only $7 million winning New York Lottery ticket for Monday's Cash4Life drawing was sold at a Queens 7-Eleven, officials said on Tuesday.


Brooklyn man charged in roommate's stabbing death

A Brooklyn man accused of violently stabbing his roommate to death on Monday is in police custody and faces murder charges.


Dinosaurs could have survived asteroid strike

It turns out there is a good and a bad time for the planet to be hit by a meteor, and dinosaurs were just unlucky.…


Review: 'Guardians of the Galaxy' is a refreshingly…

Marvel is sitting so high on a cash mountain that it's now thrown $170 million at the relatively obscure and very silly title "Guardians of the Galaxy."


Review: 'Get on Up' is a war between…

James Brown finally gets his own boring biopic with "Get on Up," but the Godfather of Soul puts up a good fight against the usual cliches.


Review: 'Child of God' finds director James Franco…

James Franco's 11th directed feature is a noble but sloppy adaptation of Cormac McCarthy's "Child of God," about a feral mountain man (Scott Haze).


Review: Alex Gibney's Fela Kuti doc 'Finding Fela'…

Prolific documentarian Alex Gibney takes on Afrobeat god Fela Kuti in "Finding Fela," but fails to capture his unique essence.


Yankees land Stephen Drew, Martin Prado at trade…

Yankees land Stephen Drew, Martin Prado at trade deadline


Playing the Field: Valentine's Day coupling edition

  It’s Valentine’s Day, a day created by Hallmark to make couples spend loads and loads of money on candy, flowers and gourmet dinners. Or…


Angelo Cataldi: Ryan Howard deserves better from Phillies

Just last week, Ryan Howard endured the embarrassment of a benching that was inevitable, and yet still shocking.


Larry Donnell has inside track in Giants tight…

Little-known Larry Donnell of Grambling State currently has the inside track, as the second-year player has received the bulk of the first-team reps.


What do you wear to a career fair?…

Getting that gig starts with presenting the most polished and memorable version of yourself, so refer to our expert fashion advice.


Editors pick: Margiela's finger armor ring

These cool rings from Maison Martin Margiela are designed to overlap over the finger, covering each joint like armor.


Givenchy champions diversity

Riccardo Tisci's uses a variety of ethnically diverse ladies for his spring campaign including Erykah Badu.


Don't settle for the hotel fitness center with…

Travelers who want to skip the hotel fitness center in favor of local gyms that may offer better equipment, classes and amenities can turn to…