The rent is going up next fall for just under a million New Yorkers whose apartments are under rent stabilization, and exactly how much will be revealed next month.
The city Rent Guidelines Board deliberated 30 minutes Tuesday night before announcing how much the panel wants rents to rise.
The board, whose nine members representing tenants and landlords are appointed by the mayor, said it wants holders of one-year leases to pay 3.5 percent to 6.5 percent more while those with two-year leases should pay 5 percent to 9.5 percent more.
The board is scheduled to meet June 20 to vote on the final rent percent increases.
The actual rent increases will become effective Oct. 1.
The state Department of Housing and Community Renewal said that in 2012 there were 144,000 rent-stabilized apartments and 5,000 rent-controlled apartments in the borough.
Reach contributing writer Philip Newman by e-mail at firstname.lastname@example.org or phone at 718-260-4536.
©2013 Community News Group
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