RGB member proposes “rent freeze for slumlords”

by The Real Deal

One member of New York’s Rent Guidelines Board is trying to get creative.  The board, which controls the rents in rent-stabilized apartments, typically doesn’t differentiate between types of units. It’s a diverse housing stock, including both older buildings and new construction, but allowable increases are the same across the city.  Last month, member Arpit Gupta submitted a proposal to set two numbers: a 2 percent increase for most landlords, and freeze in buildings with a high concentration of housing code violations.  Gupta’s proposal wasn’t voted on at the board’s last vote. It’s also one that neither landlord nor tenant groups […]

This article originally appeared on The Real Deal. Click here to read the full story.

Christopher Greco

Christopher Greco

Broker Associate | License ID: 0680437

+1(973) 406-4603

GET MORE INFORMATION

Name
Phone*
Message