Rent Guidelines Board Preliminary Vote on May 1

 

The Rent Guidelines Board determines each June what the percentage increases will be for rent regulated tenants renewing their leases any time from the following October through the end of the September after that.

The RGB produces a report each year on which the guidelines are supposed to be based.  This year, Tenants & Neighbors reports that rent stabilized tenants are paying 35.2% of their income in rent - much higher than last year.