Sentences with phrase «stabilized apartments said»

Dozens of people who depend on rent - stabilized apartments said they can not afford any rent increase.

Not exact matches

Lancman, a Queens Democrat, said he grew up in a rent stabilized apartment and has about 6,000 to 7,000 of them in his district.

«When a rent stabilized tenant moves out of an apartment, through the eviction bonus and preferential rent, which I have, the rent skyrockets,» said Cora Perceval, a member of advocacy group Tenants and Neighbors.

The Rent Guidelines Board says most tenants in rent - stabilized apartments spend more than 30 percent of their income on rent and utilities, which is the federal standard for affordable housing.

They say 100,000 rent stabilized apartments will be lost over the four year extension.

Though she considers herself fortunate to live in a rent - stabilized apartment, she said that her landlord has been on a campaign of harassment so that her apartment could be remodeled and rented at twice the current price.

The bill, said Lopez, is «a step towards creating certainty for the thousands of tenants of rent - stabilized apartments.»

Councilman Dan Garodnick, who represents parts of Manhattan and also lives in a rent - regulated apartment, said his district includes many rent stabilized units, which house some of his relatives and friends.

Mayoral front - runner Bill de Blasio's proposal to freeze rents at rent - stabilized apartments has vexed landlords, who said they would fight the plan.

The Rent Stabilization Association advocates a slow turnover of stabilized apartments to market - rate, rather than a wholesale switch, Strasburg said.

«Over the past five years, the operating costs of owners of rent - stabilized apartments have increased 16 percent, while the RGB has limited rent increases on a 1 - year lease to a fraction of that, 2.25 percent, over that same period — including two consecutive rent freezes,» said RSA president Joseph Strasburg.

«His position is you have to protect the tenant at all costs — without understanding they're actually going to get hurt,» said RSA president Joseph Strasburg, who argues not allowing rent increases for one million rent - stabilized apartments will leave landlords so broke that buildings fall into disrepair.

In a letter of support for the project, U.S. Congressman Brian Higgins wrote»... this company's vision includes the first of its kind partnership with the «Say Yes Buffalo» program in which The Phoenix Brewery Apartments LLC will donate 10 % of its projects once stabilized to this board based community education collaborative to increase high school and postsecondary completion rates.»

The RBG's latest report, released Thursday, said that net operating income in buildings with stabilized apartments increased nearly 11 percent from 2014 to 2015, the highest recorded increase since 1997 to 1998.

Rent regulations, which control how much landlords can charge for more than 1 million rent stabilized city apartments, will be extended for four years, Gov. Andrew Cuomo said at a press conference with Assembly Speaker Carl Heastie and Senate Majority Leader John Flanagan.

His wife Judy grew up in Lincoln Towers in the 1960s and»70s, when «a family could get by living in a rent - stabilized apartment living on a teacher's salary,» he said, and the shift away from that affordability has motivated his work.

The city is tracking potentially troubled rent - stabilized apartment buildings with an eye toward influencing how they are transferred following a foreclosure, said Housing Preservation...

«Manhattan - located rent stabilized apartments are a favored asset class in the debt world, but many lenders struggle with buildings that have high HPD violation counts and heavy commercial income,» said David Turley of Cronheim Mortgage, who worked with colleague Janet Proscia to close the deal.