Press Release
Rent Hike Will Have Outsized Impact on Low-Income New Yorkers
Last night, the Rent Guidelines Board (RGB) approved the steepest rent hike for rent stabilized tenants since 2013. This rent hike comes as eviction rates mount across the city and housing court is overburdened with cases. With rents increasingly out of reach for low and moderate income renters, this increase will undoubtedly yield more housing instability, more evictions, and increased homelessness.
We call on the RGB to use the upcoming year to reconsider their approach to understanding and measuring the lived experiences of rent stabilized tenants in New York City.
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The Community Service Society of New York (CSS) has worked with and for New Yorkers since 1843 to promote economic opportunity and champion an equitable city and state. We power change through a strategic combination of research, services, and advocacy to make New York more livable for people facing economic insecurity. By expanding access to health care, affordable housing, employment opportunities, debt assistance, and more, we make a tangible difference in the lives of millions. Join us at www.cssny.org.