Tenants in BX and city rent-controlled apartments protest 15 percent rent hike
Tenants in rent-controlled apartments are outraged over a proposal to hike rent by 15 percent over the next two years.
The New York State Division of Housing and Community Renewal proposed the hike because of increasing costs to landlords due to higher real estate taxes and insurance. Originally the state department proposed hiking rent by 17 percent but state law prohibits annual increases from going above 7.5 percent.
In the Bronx, most of the residents living in rent-controlled apartments are senior citizens who are living on fixed incomes. They say they would not be able to afford to pay more rent.
If the rent hike is approved, the increase would be retroactive to January 1.