Rent Guidelines Board approves rent hike for some BX tenants

The city's Rent Guidelines Board voted 5-4 to increase rent amounts for rent-stabilized apartments in the Bronx and New York City. The board finalized rent increase amounts for one and two-year leases.

News 12 Staff

Jun 28, 2006, 2:36 PM

Updated 6,595 days ago

Share:

The city's Rent Guidelines Board voted 5-4 to increase rent amounts for rent-stabilized apartments in the Bronx and New York City.
The board finalized rent increase amounts for one and two-year leases. For one-year leases, the amount will increase by 4.25 percent. For two-year leases, the board approved a 7.25 percent hike.
The rent hike would affect those residents living in rent-stabilized apartments. Landlords say hike is necessary because of the increasing costs of gas and other expenses. Many tenants say the increase could eventually force them out of their homes.
Related Information:Bronx tenants, landlords state their case in rent hike hearings Rent Guidelines Board paves way for rent hikes in BX, city


More from News 12
0:36
Police: Borgata Hotel briefly evacuated after caller claims to have bomb

Police: Borgata Hotel briefly evacuated after caller claims to have bomb

2:13
Cooler temps overnight; sunny and warm Friday ahead for New Jersey

Cooler temps overnight; sunny and warm Friday ahead for New Jersey

13:51
'I’m not supposed to be here tonight.' Donald Trump recounts assassination attempt

'I’m not supposed to be here tonight.' Donald Trump recounts assassination attempt

2:14
Property taxes increase in New Jersey towns as state slashes school funding

Property taxes increase in New Jersey towns as state slashes school funding

1:39
New Jersey environmental justice law won't block power plant hotly fought by Newark residents

New Jersey environmental justice law won't block power plant hotly fought by Newark residents

1:53
Hundreds of Hunterdon and Somerset county residents clean up following intense Tuesday storms

Hundreds of Hunterdon and Somerset county residents clean up following intense Tuesday storms

1:57
Prosecutor: Director of Brick Township Rec Department issued phony permits to play on ballfields

Prosecutor: Director of Brick Township Rec Department issued phony permits to play on ballfields

0:44
Jersey Proud: Union Township elementary school students participate in junior police academy

Jersey Proud: Union Township elementary school students participate in junior police academy

0:22
Police: 7 passengers on adult day care bus taken to hospital after crash in East Orange

Police: 7 passengers on adult day care bus taken to hospital after crash in East Orange

1:01
Newark officials tout city’s Summer Youth Employment Program

Newark officials tout city’s Summer Youth Employment Program

1:44
Select NJ Transit trains not operating due to heat-related rail equipment issues

Select NJ Transit trains not operating due to heat-related rail equipment issues

1:48
How often do meteors enter Earth’s atmosphere?

How often do meteors enter Earth’s atmosphere?

0:24
Jackson father accused of leaving infant in hot car released from jail

Jackson father accused of leaving infant in hot car released from jail

1:22
Best Beaches: Having fun at Keansburg Amusement Park

Best Beaches: Having fun at Keansburg Amusement Park

1:29
Moderate drought expands in Central New Jersey and in regions in Northern New Jersey

Moderate drought expands in Central New Jersey and in regions in Northern New Jersey

1:46
Saddle up at Wild West City in Byram Township

Saddle up at Wild West City in Byram Township

0:25
State police: Missing Irvington man found dead almost 3 weeks after his disappearance

State police: Missing Irvington man found dead almost 3 weeks after his disappearance

0:25
Former Wall Township High School teacher accused of sexual assault faces additional charges

Former Wall Township High School teacher accused of sexual assault faces additional charges

0:35
Man tosses dog over fence in front of Atlantic City animal shelter

Man tosses dog over fence in front of Atlantic City animal shelter

0:19
Closing arguments in Evan Gershkovich’s espionage trial will be Friday, court says

Closing arguments in Evan Gershkovich’s espionage trial will be Friday, court says