RISE FOR HUNDREDS OF THOUSANDS
OF NEW YORKERS IN RENT
STABILIZED VILLAGES.
"EARLY TODAY" TRACIE STRAHAN IS
LIVE.
>> Reporter: THINGS MAY GET
HEATED TONIGHT.
THERE IS A RENT STABILIZATION
HIKE THAT COULD BE THE LARGEST
IN DECADES.
WE’RE TALKING ABOUT THE
BLOOMBERG ADMINISTRATION.
THAT’S THE LAST TIME THEY SAW
THIS.
ALREADY, TENANT ADVOCATES ARE
SAYING ITS IMMORAL. HERE’S A BREAKDOWN OF THIS
PRELIMINARY VOTE PROPOSED BY THE
RENT GUIDELINES STABILIZATION
ASSOCIATION.
WE ALREADY KNOW FOR ONE-YEAR LEASES THEY COULD SEE A RENT
HIKE ANYWHERE FROM 5.3% TO
8.25%. THOSE WITH TWO-YEAR LEASES COULD
SEE HIKES STARTING AT 6.6%.
GOING AS HIGH AS 15.75%.
ALMOST 16%.
ALREADY, THE NINE-PERSON BOARD
HAS HEARD TESTIMONY FROM TENANTS
AND OWNERS ALIKE.
AND OWNERS ORGANIZE THEY’VE BEEN
IMPACTED BY LOSSES DURING THE
PANDEMIC.
A SPOKESPERSON FOR THE RENT
STABILIZATION ASSOCIATION SAID
THE RENT INCREASE IS CERTAINLY
NEEDS FOR OWNERS TO TRY TO KEEP
UP WITH RISING MAINTENANCE COSTS AND PROPERTY TAXES, AS WELL AS
INSURANCE COSTS AS WELL.
TENANT ADVOCATES, AGAIN, CALLING
THIS IMMORAL.
THEY ARGUE THAT RENT HIKES COULD
LEAD MANY TO BECOME HOMELESS.
AS WE BRING YOU BACK LIVE, THIS
IS ALWAYS A VERY HEATED DEBATE
THAT YOU HEAR AT THE GREAT HALL.
THAT’S GOING TO HAPPEN AT 7:00
TONIGHT, WITH THAT PRELIMINARY
VOTE.
BUT EVEN BEFORE THEN, WE’RE
GOING TO HEAR A LOT OUTSIDE
HERE, THERE’S GOING TO BE A
RALLY AT 6:00 WITH TENANT
ADVOCATES.
WE’RE LIVE IN THE EAST VILLAGE