Rent Guidelines Board sets preliminary 8.5% rent hike.This week New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Rent Guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. Board set the preliminary numbers for the city's annual rent stabilization debate, disappointing the hopes of tenants everywhere. For the first time in a 10-year period, the board approved a 5.5% increase for one-year leases on rent-stabilized apartments and an 8.5% increase for two-year leases, citing new property tax standards, oil and insurance prices as reasons. "By law, there is a whole host of factors, including operating costs operating costs npl → gastos mpl operacionales , income, and affordability that we have to take into account," said the board's chairman Marvin Markus. "Our job is to balance the needs of the tenants, the needs of the landlords, and the needs of the housing stock." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the board's members, the city's new 18.5% property tax was among the main reasons for the ruling. "Property maintenance costs went up extremely high this year, almost by 17%, and we had to take that into account and reach a compromise," said executive director Anita Visser. "We have to be concerned both with the tenants' situation and the landlords'." Some landlord advocacy groups, however, maintain that the increase wasn't that high at all. "I think the numbers speak pretty clearly because the actual increase in cost for the owners is 17% and the rent increase number is almost less than a third of it," said Joseph Strasburg, president of the Rent Stabilization Association. "Many small owners are going to have a difficult time. Ultimately, someone has to pay for the government taxes and the fuel. At the end of the day, if tenants don't pay the rent, who's going to pay for the housing?" Marolyn Davenport Davenport, city (1990 pop. 95,333), seat of Scott co., E central Iowa, on the Mississippi River; inc. 1836. Bridges connect it with the Illinois cities of Rock Island and Moline; the three communities and neighboring Bettendorf, Iowa, are known as the Quad Cities. , senior vice president of the Real. Estate Board of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , agreed. "According to the index, operating costs for the landlords went up 17%," she said. "Those are the real costs that owners have to pay and the preliminary increase does not cover them. There will certainly be some buildings where that will put a tight squeeze on things." At the same time, members of the Rent Guidelines Board are warning-that the preliminary numbers are not set in stone. "We will have a public testimony in June and we also have a public meeting schedule for early June," said Markus. "There is a lot more to the process and I don't want to prejudge pre·judge tr.v. pre·judged, pre·judg·ing, pre·judg·es To judge beforehand without possessing adequate evidence. pre·judg what the final ruling is going to be." |
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