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.
- 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
- Brian J. Sullivan, Senior Staff Attorney, MFY Legal Services
- Dan Evans, Tenant Organizer, Goddard-Riverside Law Project
As Steve Wishnia wrote in The Indypendent, explaining some of the reasons we needed a rent freeze last year:
"The board primarily considers landlords’ costs to determine what increases are justified, and doesn’t look at their overall incomes. In 2009, the RGB’s Income and Expenses (I&E) study found that owners’ net operating income had risen more than twice as fast as its Price Index of Operating Costs (PIOC, pronounced “pie-ock”). Tenants also argue that the PIOC exaggerates how much landlords’ costs are going up, as it estimates that figure based on the price of items such as fuel oil or light bulbs and not on what they actually spend. (Landlords claim it underestimates their costs). "