Rent reform hearing to take place Thursday
During a seven-hour hearing on Thursday, the State Senate Majority will listen as tenants and landlords deliver testimony at a public hearing on rent regulations.
The hearing, which takes place once a year, will last from 1-8 p.m at Medgar Evers College in Crown Heights.
Every year, the state Rent Guidelines Board proposes allowable rent increases in rent-stabilized apartment buildings. This year, it has proposed 0.5 to 2.75 percent increases with one-year leases; 1.5 to 2.75 percent increases with two-year leases; and a 10 percent increase in sublets.