Rent's Going Up for NYC Stabilized Apartments
Thursday, Jun 24, 2010 Updated at 11:46 PM EST
The rent is going up for New Yorkers living in some one million rent-stabilized apartments.
New York City's Rent Guidelines Board voted Thursday night to raise rents by 2.25 percent on one-year leases and 4.5 percent on
Tenants argued for a rent freeze, saying the hikes aren't justified, but building owners complained of getting socked with
property taxes and double-digit water and sewer rate hikes.
Manhattan Borough President Scott Stringer warned that the City is turning its affordable housing stock into a ``once-affordable
Copyright Associated Press / NBC New York