rent stabilization


The rent cap system’s broken

Are the members of the city’s Rent Guidelines Board aware that inflation is now at 8.6%? If so, what were they thinking Tuesday when they limited rent hikes to just 3.25% for one-year leases and 5% for two-year leases? Indeed, the caps — which apply to the city’s 1 million rent-stabilized apartments — are so […]

Read More