Senator Rivera’s statement on the New York City Rent Guidelines Board (RGB) vote

State Senator Gustavo Rivera released the following statement regarding the Rent Guidelines Board vote.

"Last night, the Mayor’s hand-picked Rent Guidelines Board voted to increase the rent for rent-stabilized units by 2.75% for 1-year leases and 5.25% for 2-year leases. It is unfathomable that the board continues to increase the rent on more than two million working New Yorkers who are already severely rent-burdened.

"This ill-advised decision will cause thousands of Bronxites to suffer the consequences of unaffordable rents, exacerbating our housing crisis and pushing New Yorkers out of their homes and into shelters."