NYC board rejects rent freeze - Fox 2 News Headlines

1-year lease: 1%; 2-year: 2.75%

NYC board rejects rent freeze

Posted: Updated:
NEW YORK (MYFOXNY) - The New York City Rent Guidelines Board approved modest rent increases for stabilized apartments on Monday, rejecting calls for a rent freeze.

The board settled on a 1-percent hike on one-year leases and a 2.75-percent hike on two-year leases on about 1 million units across the city.

The increases will apply to leases that are signed on and after Oct. 1, 2014.

Mayor Bill de Blasio and Council Speaker Melissa Mark-Viverito had called on the board to keep rents at their current level for a year to give New Yorkers a break.

"While Mayor de Blasio believed that a one-year freeze and a 3 percent raise on two-year leases was the best option for New Yorkers struggling in the affordability crisis, the administration is heartened that the RGB heeded calls to keep any increase at a historic low," said Wiley Norvell, a City Hall spokesman.

Landlords wanted a much higher hike to cover increased expenses. They asked for a 6-percent hike on one-year leases and a 9-percent increase for two-year leases.
  • Local NewsLocal NewsMore>>

  • Summit at City Hall on police-community relations

    Summit at City Hall on police-community relations

    Thursday, July 31 2014 11:06 AM EDT2014-07-31 15:06:56 GMT
    Ways to improve the relationship between the NYPD and communities in New York City is at the center of a summit being held on Thursday. Mayor Bill de Blasio, Police Commissioner Bill Bratton, Rev. Al Sharpton, city officials and community leaders are attending the round table. Accusations of police brutality and the death of a man under arrest for selling un-taxed cigarettes on Staten Island prompted the discussion.
    Ways to improve the relationship between the NYPD and communities in New York City is at the center of a summit being held on Thursday. Mayor Bill de Blasio, Police Commissioner Bill Bratton, Rev. Al Sharpton, city officials and community leaders are attending the round table. Accusations of police brutality and the death of a man under arrest for selling un-taxed cigarettes on Staten Island prompted the discussion.
  • Falling debris from Midtown building

    Falling debris from Midtown building

    Thursday, July 31 2014 10:19 AM EDT2014-07-31 14:19:35 GMT

    Emergency personnel are responding to falling debris from a high-rise building in Midtown Manhattan. West 57th St. between 5th and 6th Avenues is closed. SkyFoxHD was overhead where pieces of glass could be seen on the ground and a window shattered. Two people were hit by the falling glass at about 8:45 a.m. and were taken to Roosevelt Hospital with minor injuries, according to police.

    Emergency personnel are responding to falling debris from a high-rise building in Midtown Manhattan. West 57th St. between 5th and 6th Avenues is closed. SkyFoxHD was overhead where pieces of glass could be seen on the ground and a window shattered. Two people were hit by the falling glass at about 8:45 a.m. and were taken to Roosevelt Hospital with minor injuries, according to police.

  • Arrest in attack on teen in elevator

    Arrest in attack on teen in elevator

    Thursday, July 31 2014 9:24 AM EDT2014-07-31 13:24:13 GMT
    Two thugs were caught on security camera footage beating a teenager and stealing from her inside an apartment building in the Midwood section of Brooklyn.  The NYPD says the attackers are seen dragging the 18-year-old out of an elevator into the hallway and punching and kicking her.
    Police have arrested one of two suspects wanted in the brutal attack of a teenager inside her apartment building in the Midwood section of Brooklyn. The thugs were caught on security camera footage beating the 18-year-old at about 9:34 on Sunday night. The attackers are seen dragging the girl out of an elevator into the hallway and punching and kicking her. Tyler Hopping, 18, was arrested on Wednesday.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices