Statement On Rent Guidelines Board's Final Vote To Raise Rents On Low-Income Tenants Across New York City

Adriene Holder, Attorney-In-Charge of the Civil Practice at The Legal Aid Society and former tenant member of the New York City Rent Guidelines Board, released the following statement tonight responding to the Rent Guidelines Board final vote to increase rents by 1.5% for one-year leases and 2.5% for two-year leases.

“We are disappointed that the Board chose to heed the fear-mongering of landlords and place their profits over preserving affordable and stable housing for tenants across New York City. It is the most vulnerable, low-income families that are already struggling to get by in one of the most expensive cities in the world who will bear the brunt of this rent increase. Their right to remain in their communities and keep a roof over their families should have been prioritized.

While the stark economic divide between the rich and the poor continues to rapidly grow and over 61,000 people experience homelessness every night in the City, it is mindboggling that the Board voted to raise rents on the neediest residents for a third consecutive year.

We hope that the Board listens to the voices of the 2.5 million rent stabilized New Yorkers and reverse their vote.”