Rent-Stabilized Housing

The Local: The Gang's All Here! Rent Board Puts on Its Annual Play

From a 2007 meeting.
From a 2007 meeting.

The third and final public hearing this year of the Rent Guidelines Board, the body that sets rents for the city’s more than 1 million stabilized apartments, was theater as usual last night, with both tenants and landlords hewing to a familiar script.

“These proceedings have become a predictable demonstration,” said City Councilman Dan Garodnick in his testimony.

At the very least they give tenants and landlords an opportunity to vent for three minutes and shout, like only New Yorkers can, until RGB Chairman Marvin Markus gruffly tells them to “shut up.”

Though a few people in local government show up and plead, in vain, for a rent freeze, no one in the auditorium has any doubt about how the story will end.  read more »