Showing around Shannon; a tour of the real New York


Volume 75, Number 52 | May 17 – 23 2006


The Rent Guidelines Board, which sets rents for the city’s 1 million rent-stabilized apartments, voted five to four on May 8 to propose tentative rent increases of between 3 percent and 6.5 percent on one-year leases and from 5 percent and 8.5 percent on two-year leases. The board will hold further hearings and make a final decision on June 27. Last year the one-year lease increase was 2.75 percent and the two-year increase was 5.5 percent. The May 8 meeting, held at Cooper Union, was closed down early by police after it was disrupted by protests by tenant advocates outraged at the proposed hikes.