Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
For those who want to know what this is without having to watch this links - this is the fourth public hearing regarding rent for Rent Stabilized apartments with leases ending between September 2022 and September 2023.
Yes! I watched/listened all day. It was fascinating to watch them try to justify raising rents on RS to make up for the loss in income from MR during covid due to vacancy and having to LOWER rents for MR while RS didn't get a discount!
Obviously I'm super biased as a current and hopefully (in a new lotto building) future RS tenant, but I do think the tenant groups arguments were very strong. Anyone know anything about the board members + how this is likely to go?
For those who want to know what this is without having to watch this links - this is the fourth public hearing regarding rent for Rent Stabilized apartments with leases ending between September 2022 and September 2023.
Do you know how many more they will have until they decide ?
Yes! I watched/listened all day. It was fascinating to watch them try to justify raising rents on RS to make up for the loss in income from MR during covid due to vacancy and having to LOWER rents for MR while RS didn't get a discount!
Obviously I'm super biased as a current and hopefully (in a new lotto building) future RS tenant, but I do think the tenant groups arguments were very strong. Anyone know anything about the board members + how this is likely to go?
Wow interesting. I only watched the tenant one and the arguments were very on point! The woman who spoke at the end was very was passionate I loved all her points as well!
I think the circumstances are different this year. Considering the whole pandemic.
"Other tenant advocates sounded a refrain used throughout the pandemic: Stabilized tenants, many rendered jobless, are struggling to make rent as it is and can’t stomach an increase.
But the RSA pointed to data on emergency rent relief applications that showed rent-regulated tenants may be in better shape than their advocates claim.
Vito Signorile, the RSA’s vice president of communications, said just 5 percent of stabilized renters had been approved for relief funds. There remain about 72,000 rent-regulated tenants with pending applications. Even if all are approved for relief, Signorile said that would only represent 14 percent of the city’s estimated 850,000 stabilized units.
Signorile said that data “may indicate that stabilized tenants have not been as impacted by the pandemic as previously believed.”
Nearly nil of the horrible predictions on various economic fallout from covid in NYC or NYS happened. This in large part was due to enormous sums spent by federal government on a host of relief programs.
Between a few stimulus checks and enhanced unemployment benefits many actually had higher household incomes than before covid. Good number of people banked all that money and or used it to pay down debt.
Again it's always something for some people. Tenants show up yearly at these RGB hearings citing all sorts of reasons why they cannot afford a rent increase. This happened long before covid, and will continue long as RS remains in effect. Covid is just something else for certain RS tenants to latch onto in aid of justifying why they are busted.
Meanwhile market rate tenants are getting hammered with rent increases, but many are managing to hold on.
"Other tenant advocates sounded a refrain used throughout the pandemic: Stabilized tenants, many rendered jobless, are struggling to make rent as it is and can’t stomach an increase.
But the RSA pointed to data on emergency rent relief applications that showed rent-regulated tenants may be in better shape than their advocates claim.
Vito Signorile, the RSA’s vice president of communications, said just 5 percent of stabilized renters had been approved for relief funds. There remain about 72,000 rent-regulated tenants with pending applications. Even if all are approved for relief, Signorile said that would only represent 14 percent of the city’s estimated 850,000 stabilized units.
Signorile said that data “may indicate that stabilized tenants have not been as impacted by the pandemic as previously believed.”
I would watch the live stream on YouTube. People from the non profit organizations spoke on this.
Again, that is nothing new; not for profits, religious leaders, community activists, and others all have testified in past at these RGB hearings. If you go back far enough you'll find all sorts have testified at these hearings in past. What it comes down to is two distinct sides; tenants and their supporters versus landlords and theirs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
