Bronx residents protest rent increases on rent-stabilized apartments
Bronx tenants protested Friday against the threat of higher rents in their rent-stabilized apartments.
Officials say the Rent Guidelines Board is proposing a rent increase of three to five and half percent on a one-year lease and five to seven percent on a two-year lease. This means tenants would pay an extra $108 on a one-year lease and an extra $144 on a two-year lease. Many of the tenants say they cannot afford to pay that increase.
The board says it looks to increase rent on stabilized apartments every year. They say the landlord operating costs and the increased fuel costs are part of the reason for higher rents.
Officials say public hearings on the issue will be held June 15. A final decision will be made on the rent increase after the hearings. If passed, officials say rent increases would go into affect on October 1.