NEW YORK (CBSNewYork) — For the first time in its history Monday, the New York City Rent Guidelines Board voted in favor of a rent freeze on one-year rent-stabilized leases.
The board voted 7-2 for no increase for one-year leases and a 2 percent increase for two-year leases, CBS2’s Matt Kozar reported. It was the first vote for a rent increase in the 46-year history of the board.
As CBS2’s Matt Kozar reported, members of the Rent Guidelines Board said their decision was a compromise between tenants and landlords. But while many tenants were overjoyed, landlords did not see it as a compromise at all.
The room at Cooper Union exploded with cheers when the board that regulates the rent for 1 million rent-stabilized apartments made the decision.
“God acts in mysterious ways. I think it was a blessing,” said one attendee at the Monday evening meeting. “Everybody needed this for a pickup and a boost.”
Susan Schropp said she has lived her East Village apartment for 26 years, and now she can stay.
“It will allow me to stay in my rent stabilized apartment,” she said. “I work in a creative field that doesn’t pay as much as the financial field.”
Mayor Bill de Blasio said the vote was the “right call.”
We know tenants have been forced to make painful choices that pitted ever-rising rent against necessities like groceries, childcare and medical bills,” the mayor said in part in a statement. “Today’s decision means relief.”Comments