New York City Rent Guidelines Board (RGB) Public Hearing and Comment on Proposed Rules
I am Council Member Ben Kallos, representing the Upper East Side, Midtown East, Roosevelt Island and El Barrio. That’s @BenKallos on Twitter and Instagram.
Good afternoon to the Rent Guidelines Board Chair Hon. Kathleen A. Roberts, Public Members Botein, Joza, Reiss and Schaub, Owner Members Serafy and Walsh, and Tenant Members Epstein and Garcia.
To New Yorkers here today, and especially tenants, thank you for attending this hearing. I am proud to stand with you today.
This year, I am calling on the Rent Guidelines Board to vote for a rent rollback.
Last year, the Board voted for a second-straight historic rent freeze for one-year leases, continuing to correct for the disproportionately high increases of previous years.
Year after year, as rent goes up, tenants have shouldered an undue burden. Meanwhile, income cannot keep pace, and only crept up by 2.3% between 2005 and 2013 in real terms. The approved rent increases each year were largely based upon the landlord’s operating costs, measured by the price index of operating cost (PIOC). This practice not only failed to consider tenants, but was also proven to be inaccurate: based upon data from the Department of Finance (DOF), the PIOC has overstated landlord costs by 11% since 2005. This miscalculation led to unfairly high rent increases in past years, which must be corrected with a rent rollback.






