Dear
New Yorker,
As you know, the Rent Guidelines Board is considering a range of rent increases, as high as 6.75 percent for 2-year leases.
There's no justification for a high rent increase this year. Owners' costs are way down while their profits are higher and remain healthy. And the economy is still sluggish at best. Any increase above two percent simply isn't supported by the data.
That's why this morning I called on the Board to keep any rent increases to a minimum. (You can read my full written testimony here .) Either way you look at it, there's no support for a rent increase above two percent.
The Board will be casting their final vote on Thursday, June 21st, in the Great Hall at Cooper Union, located at 7 East 7th Street (in the basement) starting at 5:30 p.m.
If you haven't had a chance to yet, please let the Board know where you stand on these rent increases. For more information, log on to http://www.housingnyc.com/html/about/meetings.html .
Thank you.
Sincerely,
Christine C. Quinn
Speaker
NYC Council
(received 6/18/12)