Rent-stabilized apartments in New York City could get significantly more expensive. NatDuddridgeTV reports.
-- Roughly 1 million New Yorkers living in rent-stabilized apartments could face significant rent increases soon. was considering a hike not seen in decades.
"I am here because of the outrageous and obscene potential increases," said Susan Steinberg, president of the Stuyvesant Town—Peter Cooper Village Association."It was floated that it could be close to 16%, which would cause eviction for many, many rent-stabilized tenants." , are looking at 15.75% increases on two-year leases and 8.5% on one-year leases. "Awful because I'm on a fixed income," she said.
The board will host a public meeting on May 2, giving people a chance to voice concerns. A vote will happen in June, and the board has until July 1 to decide.
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