In new York will increase the tariffs for housing with stabilized rents

From 1 October in new York will increase the rent stabilized rent. On Tuesday, the Housing authority voted to allow homeowners to raise the rent by 1.5% per annum and 2.5% for 2 years.

The increase in rent will affect 630 million of the nearly 1 million rent stabilized rents. Originally the rent had planned to increase by 2.75% and 3.75%, respectively.

The final decision of the Department of Housing and dissatisfied tenants and landlords.

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The former believe that the new prices will hit the most vulnerable segments of the population with difficulty paying current rent. Landlords believe that a slight increase in fees does not solve their problems. According to them, in order to keep up with the times and to respond adequately to the overall price rise, you must raise the rent 4% per year and 7% for two.