With landlords facing higher costs for property maintenance, a rent regulation panel approved some of the largest increases for rent-stabilized units in nearly a decade.
Tag: Rent Control and Stabilization
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As Rents Rise, Mayor Adams Faces Pressure on New York’s Housing Crisis
“We’ve got to get it right,” the mayor says, but the City Council and advocates want him to push more and spend more to address the dire shortage of affordable housing.
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The Tenants Tried to Stop an Eviction. Now They Could Own the Building
When a new landlord bought their building in the Bronx and threatened to raise rents and kick them out, tenants banded together. They never expected how far they might get: the chance to buy their apartments for $2,500 each.
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In New York, Rents May Rise for More Than 2 Million
The city board that sets rents on most regulated apartments may be considering some of the highest increases in years.
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Looming Rent Increase of Up to 9 Percent Tests Adams’s Housing Priorities
Some Democrats are calling proposed increases for New York City’s roughly one million rent stabilized apartments “unconscionable.” Mayor Eric Adams says he wants to support small landlords.