"While the board exercised their independent judgment, and made an adjustment based on elements such as inflation, I am disappointed that they approved increases higher than what I called for," Adams said in a statement after the vote."
"vital that the city do everything it can to keep rents as low as possible, ensure units are well-maintained, and cover essential costs."
"Instead, Mayor Adams' appointees to the RGB jacked up tenants' rents once again," he added."
Rent increases for New York City rent-stabilized apartment leases took effect Oct. 1 and apply to leases through Sept. 30, 2026. Two-year leases rose 4.5 percent while one-year leases rose 3 percent. The Rent Guidelines Board approved the hikes in June after a late-May revote that narrowed a proposed two-year increase range to 3.75–7.75 percent from a preliminary 4.75–7.75 percent. Mayor Eric Adams called the proposed increases “too unreasonable” for renters and expressed disappointment that the board approved increases higher than he requested. The Real Estate Board of New York praised the increases. Comptroller Brad Lander urged keeping rents low, ensuring maintenance, and covering essential costs while criticizing the board’s decision.
Read at New York City, NY Patch
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