At a Rent Guidelines Board hearing Thursday, three Democratic mayoral candidates spoke in favor of freezing rents for regulated apartments. Usually, candidates for office do not attend rent hearings. Those in favor were Christine Quinn, Bill de Blasio, and John Liu, The New York Times reported. The recommendations come at a time of quickly rising market rents and sales prices throughout the City, particularly in Brooklyn. Last year, the board approved increases of 2 percent to 4 percent. This year they are considering higher increases: 3.25 percent to 6.25 percent for a one-year lease and 5 percent to 9.5 percent for a two-year lease. They are also considering an additional increase for those who currently pay less than $1,000 a month. The ruling will not affect market rate rents, only those in rent stabilized or rent controlled apartments. Do you think a freeze would help make housing in Brooklyn more affordable?
Photo by Marie-Laure Even
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