Wednesday, May 18, 2016

"Making the Rent" - Community Service Society report and the NY Times

Stop vacancy "bonuses" for landlords - as the NY Times reportsciting:


Thomas J. WatersVictor Bach

Summary: In this report, we examine the relationship between local and citywide factors in driving rent increases. We document the widening gap between rent and income for tenants at a wide range of income levels, along with an apparently related surge in overcrowding. And we dissect the mechanisms that have allowed rents to reach such unaffordable levels in all parts of the city.

Tuesday, May 10, 2016

Get involved with the RGB - East & West Sides of Manhattan

West Side Housing Forum:  

Wednesday, May 18th6-8pm
Goddard Riverside, 593 Columbus Ave
Thursday, May 19th6-8pm, Trevor Day School, 312 E 95th St

Displaying image002.jpg

Thursday, May 5, 2016

Rent Guidelines Board considering a range of changes.

On May 2, 2016, the Rent Guidelines Board preliminarily voted to consider a range - from freezing rents for 1-year leases, to some increases.  It will then take testimony at several meetings (sign up to testify by calling the RGB at 212-669-7480) and hold its final vote for the year on June 27, 2016. 

Proposed Rent Stabilized Apartment Renewal Guidelines 

Together with such further adjustments as may be authorized by law, the annual adjustment for renewal leases for apartments shall be: 

For a one-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0% - 2% 

For a two-year renewal lease commencing on or after October 1, 2016 and on or before September 30, 2017: 0.5% - 3.5% 

Monday, May 2, 2016

The NYC Rent Guidelines Board has set out it full schedule of the Rent Guidelines Board's public meetings for 2016.  Some meetings will take testimony, others not.  

Come to the rally at Herald Square tomorrow (Tuesday) evening, May 2nd  at 6 PM and march to the Proshansky basement auditorium at the CUNY Graduate Center before the RGB's Preliminary Vote at 7!

Friday, April 22, 2016

Why we need a Rent Rollback

Did you know: The Rent Guidelines Board (RGB) is supposed to "make landlords whole" so they can operate their buildings.  The RGB is not supposed to ensure landlord profits

But since long before the 1990's (when detailed economic information became available), landlords have been awarded rent increases that far exceeded their expenses.  So last year, the NYC Rent Guidelines Board ordered a rent freeze for those taking 1-year lease renewals.  Even with that, RGB-ordered increases have led to a big gap between the total increases and what rents should be.  On April 21, 2016, tenant advocates testified (click on links for the testimony) for rent stabilized tenants 
  • Tom Waters of the Community Service Society, 
  • Barika Williams of the Association for Neighborhood & Housing Development (ANHD)
  • Jenny Laurie of Housing Court Answers, and 
  • Tim Collins, former RGB Exec. Dir., and partner, Collins, Dobkin & Miller
and for SRO tenants: 

Thursday, April 21, 2016

Rent devouring 2/3 of NYers' incomes

DNAinfo:  Rent Will Devour Two-Thirds of Your Income This  

MANHATTAN — New York City renters are likely to spend nearly two-thirds of their income on rent this year, according to a report released Thursday from real estate search engine StreetEasy.
Typical renters are likely to devote 65 percent of their income on rent — up from nearly 60 percent in 2015, the report found.