Pro Bono News

Rent Guidelines Board to Vote on Rent Freeze (NY)

Monday, June 27, 2016

"The city’s Rent Guidelines Board is set to vote Monday night on whether to extend the rent freeze for stabilized apartments by another year.

In a preliminary vote last month, the board said it would consider increases of 0 to 2 percent for one-year leases and 0.5 to 3.5 percent for two-year leases. Those numbers were based on a study that found the cost of operating apartment buildings fell by 1.2 percent last year due to lower oil prices..."

 

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