NYC Rent Guidelines Board

The NYC Rent Guidelines Board is a city-appointed panel that sets annual limits on rent increases for rent-stabilized apartments in New York City. It considers factors like inflation, operating costs, and tenant affordability to determine fair increase amounts. Its goal is to balance the interests of tenants and landlords, ensuring stability while allowing landlords to cover expenses. The Board's decisions impact millions of tenants and property owners, promoting economic stability within the city's rental housing market.