Syndication: The Columbus Dispatch
(New York, NY) — Millions of New Yorkers who live in rent stabilized apartments will have to cough up more cash at the end of the month. The Rent Guidelines Board voted in a hike during a noisy meeting last night. They pushed through a 3% raise for one-year leases. They upped two-year leases by by five percent, spilt over two years. Landlords say that’s not enough to cover their costs. The rent increase begins October first.
