Economy
Annual Vote Spells Further Rent Increases For NYC’s Stabilized Tenants
Emma Whitford |
In an unusual twist, the two tenant-aligned members of the Rent Guidelines Board, tenant lawyer Adán Soltren and organizer Genesis Aquino, voted in favor of Wednesday’s increases—3 percent for a one-year lease and a split two-year lease of 2.75 percent in year one and a further 3.2 percent in year two.