Tenants concerned with 3-year rent hike proposalPosted: Updated:
Tenants at the Tracey Towers apartments say they're worried about rent hikes that could leave many struggling to find the cash to pay up.
If approved, residents will have to pay 25 percent more in rent beginning sometime in July. In addition, the proposal includes another 20 percent rent hike for next year and another 17 percent hike for 2013.
Some seniors on a fixed income say they'll be forced to move if the hikes are approved.
The Department of Housing Preservation must first approve the hikes. A public meeting on the matter is set for July 14.