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Location: Read the Marketing Handbook, and Income a Guide.
2,007 posts, read 1,626,371 times
Reputation: 479
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Waterside Plaza seems to be in City Council District 4, office held by City Councilor Keith Powers. This district 4 includes Stuyvesant Town and Peter Cooper Village. Very likely he has someone on staff knowledgeable about housing matters. Contact his office immediately.
Perhaps a mistake has been made by management. Be polite. You don’t know it’s attempted robbery yet.
No idea why anyone assumed all of these places are rent stabilized; read your contracts people.
(my rent went up $1600 per month this spring; $500 would have been tolerable)
No idea why anyone assumed all of these places are rent stabilized; read your contracts people.
(my rent went up $1600 per month this spring; $500 would have been tolerable)
The vast majority of lottery apartment are rent stabilized. But I agree with you that people should be reading the lease before they sign it.
That's a great suggest to contact Keith Powers' office!! Do that right away. He's the one who negotiated the deal with the settlement tenants.
I just sent you a private message.
Last edited by macnyc2003; 07-26-2022 at 01:18 PM..
This is crazy and thanks for posting about it!
When we go on to view an apartment, would the person showing you around know if the rent will increase that drastically upon renewal? How do we know which building will have these increases and which ones won't unless we are reading the lease?
If the building is rent-stabilized, as the vast majority of lottery apartments are, you would be protected from drastic increases.
If the building is using a system that tracks increases (and decreases) in the AMI from year to you, I guess that is more volatile.
It should all be spelled out in the lease.
I guess that is what I'm asking - how would one know the bold, especially since all apartments on the housing connect site are said to be "affordable" and "rent stabilized." I (and I'm sure many others on here) don't want to waste our time providing documentation or go through the process to get an increase like the OP's. Ugh, what a nightmare.
Why else would anyone participate in these lotteries?
Location: Read the Marketing Handbook, and Income a Guide.
2,007 posts, read 1,626,371 times
Reputation: 479
Be polite, consider aiming at compromise
I hope for you this large rent increase was a mistake. However, it might be in order. Perhaps with assistance and advocacy, the increase might be negotiated down somewhat for a year to give you a change to adjust or move. Maybe they could offer you a different unit a lower rent and/or with some rent regulations. The development and the City are partners of sorts here.
Having a copy of the original lease to review will be important. Contact City Representatives, not just bureaucrats.
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Be polite, consider aiming at compromise
