As expected, the Rent Guidelines Board approved rent increases for rent-stabilized apartments in New York City. The board, in a 5-4 vote, okayed moving forward with 1.75 to 4 percent hikes for one-year leases and between 3.5 to 6.75 percent increases for two-year leases.
The final vote on June 21 will determine what the increase will ultimately be (last year's vote had 3.75% increases for 1-year-leases and 7.25% increases for 2-year leases), but there are three meetings before then if you want to have your say—it gets really rowdy!
The protesters’ ranks were thinner this year because of an Occupy march scheduled for around the same time on Broadway, said Larry Wood, a housing advocate. Still, he promised, they would turn out in droves in June. 'There will be a lot more theater for the next vote,' Mr. Wood said.
