WCBSAM: On-DemandWCBSAM: On-Demand

DRIVE TIME: NYC's Rent Guidelines Board to vote on another rent hike

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The NYC Rent Guidelines Board is scheduled to vote on a series of rent hikes this evening at 7pm.  Renters face two proposed hikes.  A 2-4.5% increase on one-year leases, and a 4-6.5% increase for two-year leases.  If approved, they could take effect this October.  David Reiss, professor of Law & Research director at the Center for Urban Business Entrepreneurship (CUBE), joins Drive Time with Michael Wallace

Photo: Getty Images




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