News

NYC Rent Board to Revisit Preliminary Vote on Stabilized Rent Hikes in Rare Revote

The New York City Rent Guidelines Board has announced a rare revote on its preliminary decision to raise rents on nearly one million rent-stabilized apartments, following public backlash from both tenants and landlords.

The board will reconvene on Tuesday, May 27, at 9:30 a.m. to reconsider the proposed increases, which were initially approved last month. The preliminary decision included rent hikes of 1.75% to 4.75% on one-year leases and 4.75% to 7.75% on two-year leases.

The nine-member board—comprising two landlord representatives, two tenant representatives, and five public members—had previously faced criticism for what many viewed as a compromise that satisfied neither side.

Tenant advocates and housing organizers have since ramped up pressure on the board and on Mayor Eric Adams, who appoints all members. Protesters at last month’s meeting voiced frustration with the proposed increases, calling instead for a complete rent freeze. Some activists, including Joanne Grell of the group CASA, have vowed to demand that any incoming mayor commit to freezing rents altogether.

“We’re demanding that the next mayor pledge for a rent freeze. And it won’t be Adams, I got news for you. And it won’t be Cuomo either,” Grell said during April’s public hearing.

Several Democratic candidates in this year’s mayoral primary have publicly endorsed a rent freeze policy, aligning with growing calls from tenant groups for stronger protections amid rising living costs.

Mayor Adams previously described the board’s April vote as “challenging,” arguing the board must strike “a balance between protecting the quality of rent-stabilized homes as costs continue to rise, without overburdening tenants with infeasible rent increases.” However, he called a potential 7.75% hike “far too unreasonable of a burden.”

A final vote on rent adjustments is set for June 25, and the outcome could significantly influence housing policy as the city approaches its mayoral election season.

Kindly share this story:
Kindly share this story:
Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin
Share on telegram
Share on facebook
Top News

Related Articles