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Rent Guidelines Board Approves Preliminary Guidelines

 

On Wednesday, April 29th, the City Rent Guidelines Board (RGB) approved the following Preliminary Rent Guideline ranges and will vote on the Final Guidelines on Wednesday, June 24th:

 

> For a one-year lease, a range between 0% and 2%.

> For a two-year lease, a range between 0.5% and 3.5%.

> A sublet allowance of 10%.

> A Special Guideline for decontrolled apartments equal to Maximum Base Rent (MBR) + 33% or the HUD Fair Market Rate (FMR) whichever is greater.

> A 0% increase for all classes of hotels, rooming houses and Single Room Occupancies (SRO’s).

 

The RGB will host four public hearings in the month of June to give property owners a chance to provide testimony before the Board. The hearings will be held on the following dates:

 

Monday, June 8th – Manhattan Public Hearing 2:00 p.m.

Elebash Recital Hall
The Graduate Center, CUNY
365 Fifth Avenue (Between 34th and 35th streets)

  

Thursday, June 11th – Bronx Public Hearing 5:00 p.m.

Bronx Museum of Art

Lower Gallery 

1040 Grand Concourse

 

Monday, June 15th – Queens Public Hearing 5:00 p.m.

Queens Borough Hall

120-55 Queens Boulevard, Room 200

 

Thursday, June 18th – Brooklyn Public Hearing 5:00 p.m.

Brooklyn Borough Hall, Court Room

209 Joralemon Street

 

Wednesday, June 24th - Final Vote

The Great Hall at Cooper Union

7 East 7th Street (at the corner of Third Avenue)

New York, NY 10003

 

Owners are urged to attend at least one of the public hearings and present testimony before the RGB. Make your voice heard! 

 


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25 May 2015 00:00
Memorial Day
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28 May 2015 09:30
May 28: RGB Public Meeting
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31 May 2015 12:45
Heating Season Ends


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