Last night, the Rent Guidelines Board approved one of the steepest rent hikes in years for rent stabilized tenants: 4% for one year leases, and 7.75% for two year leases. Ruth Riddick, a Coalition leader who attended the meeting, reported her take on the event: tenant protests were little more than background noise for RGB board members set on raising rents. Read more about the meeting and increases:
http://www.nypost.com/p/news/local/huge_hikes_for_tenants_4FA5zZ7eM2dwrsiWkGfcTI