What would be an acceptable preliminary guideline? Well, the
landlords’ lobbyists have suggested an increase of 7% for one year leases and
11% for two year leases. We consider this to be dangerously high. It would
represent an increase far in excess of the data presented by RGB staff, and would
drive many rent stabilized apartments out the realm of affordability and
towards deregulation.
We are asking the Board to take seriously the tenant
movement’s entreaty: consider a 0% adjustment. We ask that they consider the
possibility of holding rents steady for the year, after decades of rent
increases which have been unaffordable to many low and moderate income tenants-
and in light of voluminous data suggesting that rents have increased beyond all
other economic markers.
If you are interested in attending the preliminary vote, it
will take place on April 30th at 5:30 pm at 1 Bowling Green (the Alexander Hamilton US
Customs House). Please note that the preliminary vote will not take place at
Cooper Union, as it has in recent years.
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