NYC board approves rent hikes - FOX 29 News Philadelphia | WTXF-TV

NYC board approves rent hikes

Posted: Updated:
MYFOXNY.COM -

The New York City Rent Guidelines Board has approved rent increases for more than 1 million rent-stabilized apartments in the five boroughs.

The board passed a 4-percent increase for a one-year renewal lease. The rent will go up 7.75 percent on a two-year renewal lease.

The increases apply to lease renewals that commence on or after October 1, 2013, and on or before September 30, 2014.

Every year, the vote angers many, and no one walks away happy.

Renters say anything but a token increase would be too much, while landlords say the hikes are never enough to cover their rising costs.

The Rent Stabilization Association, a group that represents thousands of landlords, had called for a much larger hike, citing higher property taxes and rising water, sewer, and maintenance costs.

Meantime, groups that advocate on behalf of tenants have said that any increase can be devastating to New Yorkers who already have trouble making ends meet.

  • Local NewsLocal NewsMore>>

  • Notes with swastikas and 'Uber' found in Brooklyn

    Notes with swastikas and 'Uber' found in Brooklyn

    Tuesday, September 16 2014 10:05 PM EDT2014-09-17 02:05:20 GMT
    The NYPD Hate Crimes Task Force is working to track down whoever posted dozens of stickers and fliers with swastikas and the word "Uber" in Brooklyn. The stickers and flyers filled with images of hate were placed outside a Jewish boys' school on Bedford Avenue in Brooklyn. A Shomrim safety patrol spotted the stickers on the sidewalk and in the gutters, police said.
    The NYPD Hate Crimes Task Force is working to track down whoever posted dozens of stickers and fliers with swastikas and the word "Uber" in Brooklyn. The stickers and flyers filled with images of hate were placed outside a Jewish boys' school on Bedford Avenue in Brooklyn. A Shomrim safety patrol spotted the stickers on the sidewalk and in the gutters, police said.
  • Bratton: Islamic State group threat expanding

    Bratton: Islamic State group threat expanding

    Tuesday, September 16 2014 8:43 PM EDT2014-09-17 00:43:17 GMT
    New York City has entered a "new era" of potential terror threats as hostilities between the United States and extremists from the Islamic State group intensify, Police Commissioner William Bratton said Tuesday. Bratton told reporters that there is no current information pointing to a specific threat against the city.
    New York City has entered a "new era" of potential terror threats as hostilities between the United States and extremists from the Islamic State group intensify, Police Commissioner William Bratton said Tuesday. Bratton told reporters that there is no current information pointing to a specific threat against the city.
  • High-fiving strangers in NYC

    High-fiving strangers in NYC

    Tuesday, September 16 2014 6:01 PM EDT2014-09-16 22:01:29 GMT
    Looking for a taxi cab is a common sight in the city. For some people, an outstretched arm is usually the sign for hailing a cab. A few other folks see it as something else.Meet Meir Kalmanson. He sees a hand in the air as an opportunity to lighten up a person's serious or frantic state. Meir decided to high-five his way down Fifth Avenue. The video of his rebellion of social norms has gone viral.
    Looking for a taxi cab is a common sight in the city. For some people, an outstretched arm is usually the sign for hailing a cab. A few other folks see it as something else.Meet Meir Kalmanson. He sees a hand in the air as an opportunity to lighten up a person's serious or frantic state. Meir decided to high-five his way down Fifth Avenue. The video of his rebellion of social norms has gone viral.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices