Board Passes on Rent Freeze Despite Mayor de Blasio's Intentions

The New York City Rent Guidelines Board is one of the few ways Mayor Bill de Blasio can influence the price of housing in the city. All sides came away wanting when the board approved a historically low increase.

"The board that regulates rents for nearly one million apartments in New York City voted on Monday night to allow the lowest percentage rent increase of its 45-year-existence, though it rebuffed calls from Mayor Bill de Blasio for a freeze," reports Mireya Navarro.

According to Navarro, "the nine-member Rent Guidelines Board voted 5 to 4 in favor of allowing rent increases of up to 1 percent for one-year leases on rent-stabilized apartments and 2.75 percent for two-year leases."

Tenants jeered and booed as the de Blasio-appointed board voted for the increase even after the mayor had hoped that the board would freeze rents. Landlords were also not pleased with the vote.

For some context on what de Blasio's influence might have achieved, "[the] 1 percent increase on one-year leases was the lowest the board had ever approved. The previous low was 2 percent in 2012." Additionally, "[last] year the board approved increases of 4 percent for one-year leases on rent-stabilized apartments and 7.75 percent for two-year leases.

Full Story: Panel Backs Rent Increase of One Percent


Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

The Planetizen Guide to Graduate Urban Planning Programs is the only comprehensive ranking and listing of graduate urban planning programs available.
Starting at $24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from five cities with red or blue trim.