RSA wants 8% rent hike on 2-year leases

The Rent Stabalization Association, which represents about 25,000 landlords owning nearly a million units, wants increases of 4 percent for one-year leases and 8 percent for two-year leases.

"Over that same period, the RGB has limited rent increases to 1%, including consecutive rent freezes in 2015 and 2016 - depriving landlords of the only revenue source they need to pay property taxes, which de Blasio has raised every year, and to maintain, fix and preserve affordable housing for their tenants", he said.

Landlords from around the city will present their recommendations for rent hikes on rent-stabilized apartments Thursday. The increase would cost a typical tenant an extra $50 per month on a one-year lease and $100 a month on a two-year lease. Then it did the same in 2016.

The idea is not sitting well with some New Yorkers.

Dispute emerges over release of ex-NFL star Hernandez's brain
Hernandez was found hanging in his cell in Shirley's Souza-Baranowski Correctional Center early Tuesday morning, authorities said. A judge added four to five years to Hernandez's prison sentence for that charge, separate from his existing life sentence.

"Given the likelihood that tenants' finances have not fully recovered since the recession, we believe it is prudent to continue to bend towards tenants for another year", said Tom Waters, a housing policy analyst for the Community Service Society.

Data for the Rent Guidelines Board shows operating costs for owners of rent stabilized apartments increased an excess of 11 percent over the past three years.

"During the Bloomberg years, the board was engaged in a march to the market", Collins told reporters.

The Rent Guidelines Board is set to hold a preliminary vote on rent hikes next Tuesday.

Related News:

  • Russia, US in spat over United Nations  condemnation of North Korea

    Russia, US in spat over United Nations condemnation of North Korea

    Abe said that it was a "matter of paramount importance for us to seek diplomatic efforts as well peaceable settlements of the issue".

    FBR Capital Gives Peabody Energy Corporation Price Target With Potential 41.61% Upside

    The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Zacks has also assigned Peabody Energy an industry rank of 225 out of 265 based on the ratings given to related companies.
    Beyoncé's Lemonade among Peabody Award winners for Entertainment

    Beyoncé's Lemonade among Peabody Award winners for Entertainment

    Rashida Jones is set to host the honors, which will take place in NY before later airing on PBS and Fusion on June 2. Beyoncé, performing at the Grammy Awards in February.
  • Acadia Healthcare Company (ACHC) Earns News Impact Rating of 0.31

    Citigroup Inc started coverage on shares of Acadia Healthcare Company in a research report on Wednesday, January 4th. The firm had revenue of $702.89 million for the quarter, compared to analysts' expectations of $708.41 million.
    PM asks BJP to reach out to poor Muslims

    PM asks BJP to reach out to poor Muslims

    Union Minister Mahesh Sharma said, "After last five victories we will try to prepare for next elections". The policy orientation of the ruling party is thus Antyodaya and socio-economic equality.

    Iran FM criticizes 'worn-out' USA nuclear accusations

    But Rex Tillerson has come pretty close to saying the agreement is not worth keeping, even though he's had to admit it's working. In the redesign, the heavy water reactor will be reconfigured so it can not yield fissile plutonium usable in a nuclear bomb.
  • Bayern Munich trio confronted referee after Madrid loss

    Bayern's Arturo Vidal was also shown a red card in the second half for what appeared to be clean tackle on Marco Asensio. But the Madrid talisman insists the Champions League holders deserved to go through.
    FDA further restricts pain medication use in kids

    FDA further restricts pain medication use in kids

    Codeine also is used in cough syrup and cold remedies and sometimes is combined with other medications, such as acetaminophen. In 2013, the agency restricted use of codeine in children to treat pain after surgery to have tonsils and adenoids removed.

    LeBron James to sit out regular season finale vs. Raptors

    In four games for the Cavaliers' D-League affiliate in Canton, Sanders averaged four points, eight rebounds and 2.5 blocks. The Cavs have downplayed the importance of the top seed in recent weeks, but they are just 20-21 on the road this season.
  • Fox stock gains ground following O'Reilly firing

    Fox stock gains ground following O'Reilly firing

    It is also a significant moment for other television personalities and the degree to which off-screen misbehaviour is tolerated. In the wake of his dismissal, I think I can speak for millions of women: Frankly, we don't give a damn.
    A 'trading disaster:' Trump slams NAFTA, repeats attacks on Canada's dairy industry

    A 'trading disaster:' Trump slams NAFTA, repeats attacks on Canada's dairy industry

    Canada quickly sought to re-establish the "facts" after US President Donald Trump's attack on Canadian milk producers on Tuesday. Chuck Schumer, agree and have accused Canada of violating existing trade agreements between the two countries.

    Pro-Life Group Endorses Karen Handel in Georgia Congressional Runoff

    Ossoff's campaign will also launch a series of clips promoting the former congressional aide Thursday, the newspaper reported. The victor replaces Republican Tom Price , who stepped down to serve as Mr Trump's Secretary of Health and Human Services.


Most liked

Cardell Hayes sentenced to 25 years for Will Smith killing
That was the same request from Hayes' mother, whose uncontrollable sobbing led to a brief recess while she composed herself. For all the expected emotion, legal experts say there is little chance Buras will be influenced by either side.

United Airlines to testify at hearing after violent video surfaces
Those on the House of Representatives committee were already pressing federal regulators for a thorough investigation last week. He said the airline will have more to say later this month, after it finishes a review of its policies on overbooked flights.

2 companies ask to join Arkansas execution case
The judge filed her order Thursday after the state complained to the Arkansas Supreme Court that she was taking too much time. A handful of drug companies are telling Arkansas that they don't want their products used to kill inmates.

Mattel, Inc. (NASDAQ:MAT), Baker Hughes Incorporated (NYSE:BHI)
During the same period in the previous year, the firm earned ($0.21) EPS. 4/13/2017-BMO Capital Markets Reiterated Rating of Buy. On Wednesday, November 9 Chariag Belgacem sold $871,305 worth of Baker Hughes Incorporated (NYSE:BHI) or 15,000 shares.

Colorado biotech firm is being acquired to create $90M company in Seattle
Sphera Funds Management LTD. acquired a new stake in Nivalis Therapeutics during the third quarter worth approximately $1,664,000. Endurant Capital Management LP boosted its position in shares of Nivalis Therapeutics by 29.8% in the third quarter.

Drake's Home Burglarized of $10 in Soft Drinks
We get the feeling that this story is far from over, but as of right now, this woman's thirst got her into a grip of trouble. Anyone who has seen Drake's Sprite commercial knows that the Canadian rapper needs his soda to perform.

May wins House of Commons backing for snap general election
The Commons vote, by 522 to 13, paved the way for a seven-week campaign that has taken the country by surprise. Theresa May defended her decision to call the poll saying she "reluctantly" changed her mind in recent weeks.

I was doing my bit to smash health stigma - Harry
Mr Lyons, from Edgbaston in Birmingham, said: "I never imagined in a million years I'd still be at it 37 years later". But on April 23 she will be in London to join thousands of people taking part in the 2017 Virgin London Marathon .

Taiwan return of China dissident seen as bid for better ties
Reports suggest that according to a bilateral agreement between Taiwan and China, there is no such thing as "political asylum". Prior to his apprehension, local media had reported that Zhang meant to seek political asylum in Taiwan.

Facebook killer takes own life as police close in
Another daughter, Debbie Godwin, said that's what made her father so special. "I wouldn't wish that on anybody". According to WKYC's Chris Tye, the manager called Pennsylvania State Police and that Stephens was there.

FCC Votes to Allow Broadcasters to Buy More TV Stations
The FCC added 50 percent of the buildings in a county are within a half-mile of a location served by a competitive provider. Democrats in Congress have raised their fears with the commission that more consolidation could harm consumers.

Mumbai Indians beat Royal Challengers Bengalore by 4 wickets
First, the West Indian bowled a looped delivery outside off-stump and Parthiv gave away an easy catch to Gayle at extra-cover. Virat Kohli returned to action after close to a month recuperating from a shoulder injury to lead the Royal Challengers.

Russian Federation assures no more USA strikes on Syrian army
The base is one of two of Russia's primary military installations in Syria, and is the primary base used by Russian air forces. Advanced anti-aircraft missile defense systems have also reportedly been stationed at the base.

Pope Francis among Time Magazine's 100 most influential people
Canadian Prime Minister Justin Trudeau met with the president in February. Trump met with the Mexican President Peña Nieto on January 31.

Firefighter falls from roof battling apartment building blaze
That was his position as the outside ventilation firefighter, operating around the area where Ladder 135's bucket was located. Firefighter William Tolley died Wednesday while battling a blaze in Queens when he fell off a roof.