Updated 06/24/2010 05:56 PM
Rent Guidelines Board To Vote On Increases
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Tenants of the city's more than one-million rent-regulated apartments will learn today just how much more they can expect to pay when they sign their next leases.
NY1 will have complete coverage of tonight's meeting inside Cooper Union in the East Village.
The Rent Guidelines Board is scheduled to vote on the increases tonight.
The preliminary recommendations call for hikes in a range of 2 to 4 percent for one-year lease renewals, and 4 to 6 percent for two-year renewals.
Tenant groups have asked for a rent freeze, saying the increases are too high.
"That seems a little high to me given everything that's going on in the economy and so on,” said a resident at the rent-stabilized Stuyvesant Town. “You know, I think the landlords have a lot of sway in that board, so I'm not surprised by those numbers.”
"Why do landlords get a raise when their tenants don't?" asked another.
But landlords say they need a break, too, claiming higher rents are necessary to keep up with higher costs for water, sewer, oil and gas, and especially property tax increases.
Frank Ricci of the Rent Stabilization Association, which represents 25,000 city property owners, says the proposed increases are not high enough.
"The Rent Guidelines Board always decides at the low end of those ranges, so that's going to be a major problem if they do that tonight," said Ricci. "It's going to make it unaffordable for owners to pay their taxes and pay their water and sewer rates."
Most of the Stuyvesant Town tenants who spoke with NY1 did not have much sympathy for landlords, but there were some who were a little more understanding.
"You feel for the tenants, but you know the landlords they have to pay their bills, too," said a rent-stabilized tenant.
"We cannot say anything about it. They have to do what they have to do," said another.
Other tenants remain concerned about what higher rents will mean to their families.
"The things that you think are a necessity become a luxury, and you have to make decisions," said a Stuy Town resident.
Increases would go into effect with renewals starting October 1st.