Rent hike for stabilized housing in effect

More than 1 million rent-stabilized households will be impacted Thursday when rent increases go into effect.

Back in June, the NYC Rent Guidelines Board adopted new renewal lease guidelines for rent-stabilized apartments. For those with one-year leases, there's a hike of 3 percent. A 6 percent hike goes into effect for two-year leases.

Renters from all over the city will protest the increases Thursday on the steps of City Hall.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."