Press Releases

BP Diaz Praises Rent Freeze

Bronx Borough President Ruben Diaz Jr. is praising this evening’s vote of the Rent Guidelines Board, which voted to freeze rents for rent stabilized tenants with one-year leases and to approve a two percent increase for tenants with two-year leases.

“Tonight’s vote of the Rent Guidelines Board is historic, and will provide meaningful relief for over one million tenants in this City. For too long, the people have seen their rents, and their cost of living, continue to rise while their paychecks did not follow suit. This rent freeze is a tremendous step in the right direction for the people of this city,” said Borough President Diaz.

Borough President Diaz added that his office was willing to help landlords keep their own costs down as well, and invited interested property owners to reach out to his office for information on the “The Bronx Clean Energy and Housing Initiative.”

The program, which is being spearheaded by Borough President Diaz, endeavors to partner government funding with private dollars to provide green retrofits to older residential buildings in The Bronx.

“Tonight’s vote is only a piece in the puzzle of affordability. Through programs like ‘The Bronx Clean Energy and Housing Initiative,’ we can green our existing housing stock, keep energy costs low for property owners while simultaneously keeping rents affordable for tenants,” said Borough President Diaz. “My office is ready to work with Bronx property owners on the critical issue of affordability, and I encourage all interested parties to reach out to my office to discuss this innovative program.”

Borough President Diaz’s testimony earlier this month before the Rent Guidelines Board can be found at http://on.nyc.gov/1LEHuGO.

 

<Back to Press Releases