• Contact Us
  • Login
Subscribe
LittleAfrica News
  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.
No Result
View All Result
  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.
No Result
View All Result
LittleAfrica News
No Result
View All Result
Home Metro

Rent Guidelines Board of New York Increases Rent for 1 Million Homes

LittleAfrica Staff Writer by LittleAfrica Staff Writer
May 17, 2022
in Metro
102
SHARES
353
VIEWS
Share on FacebookShare on Twitter

The Rent Guidelines Board of New York voted to increase the rent for 1 million homes on Monday, May 5th. These increases will apply to rent-stabilized homes in the city. The vote is projected to be formally approved in June. The rent will increase by 2-4% for a one-year lease while a two-year lease will see an increase of 4-6%. These increases will be the largest seen in a decade. Under the leadership of former Mayor Bill de Blasio, the board kept increases in the rent low, even going a few years without increasing the rent at all. 

While de Blasio adopted a seemingly progressive approach by freezing the amount for rent or implementing low increases, Mayor Eric Adams leaned towards a more balanced approach. His stance is that there should be a consideration for those paying the rent and those receiving it. According to reports, the initial increases that had been suggested by the board for one-year leases ranged between 4.5 to 9 percent. Adams thought these were too high and called for middle ground. “That’s the balance. Let this independent board do their job. And I have made it clear that [the] 9% [increase] you were hearing about was just too extreme. We need to focus on finding the right balance. Now, there’s a footnote that people should realize. I’m a small property owner. I never raised the rent of my tenants since they lived in my building. When they signed a lease, they signed a lease with me signing I would never raise your rent as long as you’re there. So we can show the compassion. At the same time, I understand what the families are going through on both ends of the spectrum,” Adams said regarding the increases.  

The board voted on the increases in what was a preliminary vote. In seeking the balance that Adams speaks about, there had to be compromises between the representatives of the tenants and those of the landlords. Joseph Strasburg, who is the president of the Rent Destabilization Association, and Robert Ehrlich, who represented landlords, spoke in favor of the landlords. “Housing has costs. We need to make sure that buildings have the money to pay for those costs. If we don’t get this right, a large number could slip into dilapidation,” said Ehrlich, against the proposed percentage of increase. Strasburg mentioned how landlords are responsible for different kinds of bills such as property taxes, heating, and water along with increases caused by inflation. On the other hand, a representative for tenants on the board, Sheila Garcia, called the proposed increases “devastating.” Garcia said that an increase of 2% would be untenable for the tenants of the affected homes. 

The Rent Guidelines Board is made up of nine parties that are appointed by the mayor. Five of them are representatives of the public while the tenants and landlords have two representatives each. The rent stabilization project started in 1969. The households residing in these homes earn less than the city median household salary of $67,000. The median salaries of the homes are around $44,000. The average rent of these homes is $1,269 per month compared to $1,700 charges in homes that do not fall under stabilization. Most of the people who live in these homes are people of color, with 40% of them being Latino or Hispanic and 20% being Black. These proposed increases arrive at a time when the cost of living is skyrocketing due to increased inflation and gasoline prices.

Related

Previous Post

Visions of Freedom: New York African Film Festival 2022

Next Post

Democrats Suffer Redistricting Setback

LittleAfrica Staff Writer

LittleAfrica Staff Writer

Related Posts

Mayor Adams Suspends Right-To-Shelter Ahead of Title 42 Expiration
Metro

Mayor Adams Finally Admits New York’s Right-To-Shelter Doesn’t Apply to Migrants

by LittleAfrica Staff Writer
September 29, 2023
621
Exclusive Interview with NYC Schools Chancellor David Banks
Metro

Exclusive Interview with NYC Schools Chancellor David Banks

by Mona Davids
September 28, 2023
845
Successful Inaugural USA-Caribbean Investment Forum
Metro

Successful Inaugural USA-Caribbean Investment Forum

by LittleAfrica Staff Writer
September 28, 2023
1.1k
NYC Judge Says Right-to-Shelter Does Not Apply to Migrants
Metro

NYC Judge Says Right-to-Shelter Does Not Apply to Migrants

by LittleAfrica News Staff Writer
September 28, 2023
997
Barbados Prime Minister Mia Mottley Addresses UN General Assembly
Metro

Barbados Prime Minister Mia Mottley Addresses UN General Assembly

by LittleAfrica Staff Writer
September 28, 2023
647
Next Post

Democrats Suffer Redistricting Setback

Translate

LittleAfrica News Newspaper : September 5  — September 11
Metro

LittleAfrica News Newspaper : September 5 — September 11

LittleAfrica News Newspaper : September 5 — September 11

September 4, 2023
LittleAfrica News Newspaper : September 12 — September 18
Metro

LittleAfrica News Newspaper : September 12 — September 18

LittleAfrica News Newspaper: September 12—18 Click here to watch the full interview with Mayor Eric Adams

September 11, 2023
LittleAfrica News Newspaper : September 26 — October 2
Metro

LittleAfrica News Newspaper : September 26 — October 2

LittleAfrica News Newspaper: September 26 — October 2

September 25, 2023

Local, National, and International News for the Diaspora

BOMESI - Black Owned Media Equity and Sustainability Institute

Recent Posts

  • Mayor Adams Finally Admits New York’s Right-To-Shelter Doesn’t Apply to Migrants
  • Exclusive Interview with NYC Schools Chancellor David Banks
  • Buzz Begins as Barbados Food and Rum Festival Returns in October
  • Successful Inaugural USA-Caribbean Investment Forum
  • NYC Judge Says Right-to-Shelter Does Not Apply to Migrants

Menu

  • Home
  • About Us
    • Mona Davids, Founder and Publisher
    • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Editions
  • Education
  • Metro
  • Africa
  • Caribbean
  • U.S.

© 2023 LittleAfrica News. A Project of Social Impact Strategies. All Rights Reserved.

No Result
View All Result
  • Contact Us
  • Home
  • Letters to the Editor
  • LittleAfrica News Newspaper : March 1 – March 15
  • LittleAfrica News Newspaper Print Edition : February 16 – February 28
  • Mona Davids, Founder and Publisher
  • Mymoena Kalinisan-Davids, Director of Communications and Editor-in-Chief
  • Newspaper Digital Editions
  • Pricing
  • Privacy Policy
  • Terms of Use

© 2023 LittleAfrica News. A Project of Social Impact Strategies. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?