Rent Stabilized Bronx Residents to See up to 2.5% Increase

Bronxites will have to brace themselves yet again as NYC’s Rent Guideline Board has approved another rent increase for rent-stabilized units.

Effective October 1, 2018, 1-year leases in rent-stabilized units will be subjected to a 1.5% increase and two-year leases will see an increase of 2.5% in their rents.

In a borough that is the most rent-burdened in NYC our residents cannot afford another increase.

Already nearly 70% of Bronx residents are at risk of displacement.

NYC’s homeless population is already estimated to be over 70,000 making it a humanitarian crisis and we also know that Bronx residents are at the biggest risk of becoming homeless.

This was an irresponsible move on the board which should have called for a rent freeze but hey, de Blasio can’t run for mayor again so what does he care, right?

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Ed García Conde

Ed García Conde is a life-long Bronxite who spends his time documenting the people, places, and things that make the borough a special place in the hopes of dispelling the negative stereotypes associated with The Bronx. His writings are often cited by mainstream media and is often consulted for his expertise on the borough's rich history.