BUT WE HAVE DRY STRETCHES, TOO.
WE WILL TIME THOSE OUT IN A FEW
MINUTES.
>>> RENT FOR 2 MILLION NEW
YORKERS IS ON THE RISE AGAIN.
FOR THE SECOND STRAIGHT YEAR,
THE GROUP THAT REGULATES THE
RENT STABILIZE DEPARTMENTS
APPROVED SOME OF THE STEEPEST
HIKES IN A DECADE.
3% FOR ONE-YEAR LEASES.
2.75% FOR TWO-YEAR LEASES WITH
AN INCREASE TO 3.2% IN THE
SECOND YEAR.
CHRIS JOSE WAS ON THE UPPER EAST
SIDE FOR THAT VOTE.
RENTERS NOT HAPPY WITH THESE
RESULTS.
>> Reporter: YOU KNOW, NATALIE,
OUTRAGE IS REALLY THE ONLY WAY
TO PUT IT.
TENANTS NOW CONCERNED ABOUT
MAKING FUTURE RENT PAYMENTS.
THE LEGAL AID SOCIETY SAYS THIS
WILL PUT PEOPLE ON THE STREETS
OR IN HOMELESS SHELTERS.
TONIGHT THE CONSTANT SOUND OF A
WHISTLE AND CHANTSLE RENT
ROLLBACK DROWNING OUT PIFLLE
DECISION AFFECTING MILLIONS OF
NEW YORKERS.
HARD TO HEAR PAST THE
CONTENTIOUS CROWD.
THE RENT GUIDELINES BOARD MOVING
FORWARD TO INCREASE STABILIZED
RENT RATES.
>> IT PASSES BY A VOTE OF 5-4.
>> Reporter: A 3% INCREASE FOR
ONE YEAR LEASE, TWO-YEAR LEASES
UP 2.75% FOR THE FIRST YEAR AND
3.2% THE SECOND YEAR.
THE FINAL NUMBERS LOWER THAN THE
ORIGINAL PROPOSAL OF UP TO 5%
FOR ONE-YEAR LEASES AND A 7% CAP
ON TWO-YEAR LEASES.
>> IT’S DISAPPOINTING THERE IS
ANY INCREASE WHATSOEVER.
>> I AM SAD.
THERE NEED TO BE A ROLLBACK.
THERE NEEDS TO BE ZERO.
>> Reporter: THE FRUSTRATION
BUILDING UP WELL BEFORE THE VOTE
GAME.
>> IF WE DON’T GET THIS!
>> Reporter: A RALLY TONIGHT A
LAST-DITCH EFFORT TO CONVINCE
THE BOARD TO KEEP RATES THE
SAME.
THE DEMANDS FALLING SHORT.
TENANTS AND ACTIVISTS ARE
FEARFUL IT WILL LEAD TO
EVICTIONS AND HOMELESSNESS.
>> >> A LOT OF PEOPLE ALREADY
OUT ON THE STREET.
JUST ADDING TO A PROBLEM THAT
ALREADY EXISTS.
>> Reporter: LANDLORDS ARGUE
BETWEEN INFLATION, TAX HEIGHTSIK RISING INSURANCE COSTS THEY NEED
TO INCREASE COSTS.
TELLING THE CROWD A 5% INCREASE
BARELY COVERS THE RISE OF
OPERATING COSTS.
THE RENT STABILIZATION
ASSOCIATION AGREES.
>> THE INCREASES, WHICH
APPARENTLY YOU NEED IN ADVANCED
DEGREE IN CALCULUS TO FIGURE
OUT, WILL NOT COVER THE COST.
>> Reporter: MAYOR ADAMS
RESPONDING TONIGHT.
HE SAYS MORE HOUSING NEEDS TO BE
BUILT IN NEW YORK CITY BUT IT
REQUIRES STATE ACTION TO GET
THOSE AFFORDABLE HOUSING
INCENTIVES AND GET PAST THE RED
TAPE.
HE SAYS THAT’S WORK HE WILL