New York renters squeezed by the lowest vacancy rates in three years are unlikely to get any relief next week when rent-stabilized guidelines come up for a vote.No word yet from Mayor Bloomberg.
The Rent Guidelines Board recommended increases between 2 and 4.5 percent for one-year leases and between 4 and 7.5 percent for two-year leases at a preliminary vote last month. That's a pinch many New Yorkers say will be hard to take.
"Minorities can't afford that," said Lakisha Brown, 29, a single parent who pays fully half her income for a two-bedroom apartment in Harlem. "In five years New York will be only for the rich."
Friday, June 22, 2007
New York City Rent Control Problems
AM NewYork reports:
