In New York City, rent-stabilized tenants are protesting proposed rent increases of up to 7.75% that could affect over 2.5 million people. Tenant advocates argue that the hikes threaten community stability, urging the Rent Guidelines Board to prioritize affordable housing over profit. Despite rising rents, there has been no improvement in housing quality, as highlighted by Public Advocate Jumaane Williams. Small property owners claim they need a minimum 6.3% increase to cover rising costs. The Board is set to vote on these increases later this month, which could significantly impact rent-stabilized housing.
If I can't make ends meet, imagine other people. The RGB is not helping us stay in these communities.
We've seen hikes in rent, but we haven't seen better housing. Let's find a way to help those owners who need it.
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