NYC board rejects rent freeze - FOX 35 News Orlando

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>>

  • Mom: 4-year-old banned from doughnut shop

    Mom: 4-year-old banned from doughnut shop

    Thursday, July 24 2014 3:05 PM EDT2014-07-24 19:05:13 GMT
    4-year-old Justin Otero is a curious guy, but his curiosity got him into some trouble at his local Connecticut doughnut shop.
    4-year-old Justin Otero is a curious guy, but his curiosity got him into some trouble at his local Connecticut doughnut shop.
  • Ex-Sen. Lieberman to teach at Yeshiva University

    Ex-Sen. Lieberman to teach at Yeshiva University

    Thursday, July 24 2014 2:56 PM EDT2014-07-24 18:56:06 GMT
    Former U.S. Sen. Joseph Lieberman has been appointed a professor at Yeshiva University for the coming school year. The private university in New York City named him the Joseph Lieberman Chair in Public Policy and Public Service. He'll teach an undergraduate course and give three public lectures on topics ranging from Judaism and public service to the Middle East.
    Former U.S. Sen. Joseph Lieberman has been appointed a professor at Yeshiva University for the coming school year. The private university in New York City named him the Joseph Lieberman Chair in Public Policy and Public Service. He'll teach an undergraduate course and give three public lectures on topics ranging from Judaism and public service to the Middle East.
  • Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Thursday, July 24 2014 2:30 PM EDT2014-07-24 18:30:38 GMT
    Dunkin' Donuts handout photoDunkin' Donuts handout photo
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

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