You are reading

Rent Guidelines Board Votes for Rent Freeze on Stabilized Apartments

iStock

June 18, 2020 By Christian Murray

The New York City Rent Guidelines Board voted last night for a rent freeze on the nearly one million rent stabilized apartments.

The 6-3 vote will see a rent freeze on one-year leases that go into effect after Sept. 30. The board ruled that on two-year leases, the rent will be frozen in the first year with a one percent increase in the second year.

The freeze will have a significant impact on both landlords and tenants, with many struggling as a result of the COVID-19 shutdown. Approximately 2 million New Yorkers live in rent stabilized apartments.

The Mayor applauded the board’s decision last night.

“2 million New Yorkers living in rent-stabilized apartments can breathe a little easier,” de Blasio said on Twitter. “Now we have to KEEP fighting for more renter relief to help New Yorkers keep a roof over their heads.”

De Blasio also released a statement following the vote:

“Renters have never faced hardship like this,” it read. “They desperately need relief and that’s why we fought for this rent freeze. Now, more renters than ever before will get help keeping a roof over their heads. This is one step of many we have to take to get families through this crisis—but it’s a big one.”

email the author: news@queenspost.com
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

Hollis man charged with raping 14-year-old told teen, ‘I can help you get work’

New details have emerged in the case of the Hollis man accused luring a 14-year-old boy into his car in St. Albans and then allegedly raping him on the afternoon of Tuesday, July 1.

Virgilio Taveras, 63, of Hillside Avenue, was arrested by detectives from the Queens Special Victims Squad two days later and booked at the 107th Precinct in Fresh Meadows. Taveras was arraigned on the Fourth of July in Queens Criminal Court on a complaint charging him with rape in the second degree, luring a child as an E felony, endangering the welfare of a child and other related crimes.