Wednesday, July 30, 2014

Follow us:
Follow @NY1 on Twitter Subscribe to this news feed 

News

Brooklyn Tenants, Landlords Weigh In on Proposed Hikes at Rent Guidelines Board Hearing

  • Text size: + -
TWC News: Brooklyn Tenants, Landlords Weigh In on Proposed Hikes at Rent Guidelines Board Hearing
Play now

Time Warner Cable video customers:
Sign in with your TWC ID to access our video clips.

  To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

Landlords and tenants weighed in Wednesday evening on proposed rent hikes slated for October as the Rent Guidelines Board hosted its third public hearing at Brooklyn Borough Hall.

The board is proposing increases of 0 to 3 percent for one-year lease renewals.

They're also considering .5 to 4.5 percent hikes for two-year renewals.

Rent-stabilized tenants said they're looking for a rent freeze, while landlords expressed concern.

"I feel landlords have had steady improvement in terms of their profitability, and tenants, however, have been pinched by stagnant wages and tremendously increasing rents," said one person who attended the hearing.

"The deck seems to be stacked against the owners because the mayor campaigned on a rent freeze without any real facts, but just looking for votes," said another person who attended the hearing.

The fourth and final meeting will be in Queens on Thursday.

The final vote will be next Monday.

10.11.12.248 ClientIP: 54.227.182.191, 23.62.6.63, 10.48.37.151 UserAgent: CCBot/2.0 (http://commoncrawl.org/faq/) Profile: TWCSAMLSP