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Monday, June 29, 2015
The board that regulates rents for more than one million rent-stabilized apartments in New York City voted on Monday night for a freeze on one-year leases, an unprecedented move in its 46-year history.
The 7-to-2 vote by the city’s Rent Guidelines Board was an acknowledgment of the precarious situation of scores of tenants whose incomes have not kept pace with housing costs. It also was the first decision on rent levels by a nine-member board appointed in its entirety by Mayor Bill de Blasio.
The board also voted to increase rents on two-year leases by 2 percent, a historic low.
REACTION FROM THE RSA AND, SURELY, THE REBNY:
Joseph Strasburg, the president of the Rent Stabilization Association, which represents 25,000 landlords, called the rent freeze an “unconscionable, politically driven decision to carry out de Blasio’s campaign promise of two years ago.”
“A rent freeze on the surface may sound pro-tenant, he said, “but the reality is landlords will now have to forgo repairing, maintaining and preserving their apartments, which will trigger the deterioration of quality, affordable housing de Blasio pretends to care about.”
More at the above link.