State Sen. Michael Gianaris has joined Manhattan Assembly Member Linda Rosenthal to introduce legislation to reform the Rent Guidelines Board, the board that determines how much landlords can hike rents each year on the city’s nearly 1 million rent stabilized apartments.
Gianaris and Rosenthal are critical of the board noting that it has raised the rent by almost 10% in the past four years, with more increases anticipated this year. Given the increase, they have introduced legislation that would reshape New York City’s Rent Guidelines Board by requiring all appointees to receive City Council confirmation.
