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  2. New York City voted to increase rent on stabilized apartments ...

    www.aol.com/york-city-voted-increase-rent...

    In a 5-to-4 vote, New York City's Rent Guidelines Board voted to approve rent increases. One-year leases will rise by 2.75%, while two-year leases will rise by 5.25%.

  3. New York Cuts Real Rents at Rent-Stabilized Apartments - AOL

    www.aol.com/news/york-cuts-real-rents-rent...

    The median rent-stabilized apartment goes for $1,500 a month, meaning a 2.75 percent increase works out to a $41 monthly rent increase. While rent-stabilized tenants' incomes are lower on average ...

  4. Why NYC apartments could become a big problem for NYCB - AOL

    www.aol.com/finance/why-nyc-apartments-could...

    Almost half of all apartments in New York City are rent stabilized. It was a system designed to keep some units affordable, especially in older buildings put up before 1974.

  5. Rent regulation in New York - Wikipedia

    en.wikipedia.org/wiki/Rent_regulation_in_New_York

    Failure to provide these may allow the tenant to receive a lower rent. [4] Outside of New York City, the state government determines the maximum rents and rate increases, and owners may periodically apply for increases. In New York City, rent control is based on the Maximum Base Rent system. A maximum allowable rent is established for each unit.

  6. Mitchell–Lama Housing Program - Wikipedia

    en.wikipedia.org/wiki/Mitchell–Lama_Housing...

    Co-op city in the Bronx, a Mitchell–Lama development [1] The Mitchell–Lama Housing Program is a non-subsidy governmental housing guarantee in the state of New York. It was sponsored by New York State Senator MacNeil Mitchell and Assemblyman Alfred A. Lama and signed into law in 1955. [2] [3]

  7. NYC panel approves rent hikes up to 5% in stabilized ... - AOL

    www.aol.com/news/city-panel-approves-rent-hikes...

    The powerful panel that sets housing costs in about 1 million rent-regulated apartments in New York City voted Tuesday night to approve the largest increases in almost a decade: 5% for two-year ...

  8. Rent regulation - Wikipedia

    en.wikipedia.org/wiki/Rent_regulation

    [5] [6] For the localities with rent control, it often covers a large percentage of that city's stock of rental units: For example, in some of the largest markets: in New York City in 2011, 45% of rental units were either "rent-stabilized" or "rent-controlled", (these are different legal classifications in NYC) [75]: 1 in the District of ...

  9. NYC panel approves 5 percent rent hike for stabilized ... - AOL

    www.aol.com/news/nyc-panel-approves-5-percent...

    Story at a glance New York City’s Rent Guidelines Board voted to increase rents by 3.25 percent for one-year leases and 5 percent for two-year leases during a rowdy meeting earlier this week.