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Final Public Hearing Tonight Before Rent Hike Vote

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TWC News: Final Public Hearing Tonight Before Rent Hike Vote
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The Rent Guidelines Board will hold one more public hearing tonight before its final vote on rent hikes for the city's rent stabilized apartments.

Landlords and tenants got a chance to sound off last night at a public hearing in Brooklyn.

The board is proposing increases of zero to three percent for one-year lease renewals, and .5 to 4.5 percent hikes for two-year renewals.

Tenants are pushing for a rent freeze, but landlords say they can't afford one.

"This year the deck seems to be stacked against the owners because the mayor campaigned on a rent freeze without any real facts, but just looking for votes," said one landlord.

"I feel landlords have had steady improvement in terms of their profitability and tenants, however, have been pinched by stagnant wages and tremendously increasing rents," said one tenant.

Tonight's final hearing will take place at Queens Borough Hall.

It starts at 5 p.m.

The board is set to hold its final vote on Monday.

Any increases it approves will take effect in October.

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