NYC politics
fromtherealdeal.com
11 hours agoDoomed to fail: Why Rent Guidelines Board always gets it wrong
The Rent Guidelines Board's process is ineffective and cannot set appropriate rent increases for diverse tenants.
The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.
The report, published Tuesday, calls for NYCHA to keep better tabs on its vacant homes, the majority of which are awaiting-often extensive, and legally required-remediation work after the prior tenant moved out and before they can be rented again.