New Yorkers in rent-stabilized housing units could see higher rent in just a few months, as the Rent Guidelines Board is wrapping up its series of public hearings with their final one on Thursday.  The board got the opportunity to once again hear from both tenants and landlords ahead of the vote next week.

Similarly to previous public hearings, tenants say they are against the rent increase, and that it could directly worsen the ongoing homelessness and housing crises. Landlords spoke out in favor of the rent hike, saying that without an increase they won’t be able to properly repair their buildings. Many say their monthly bills and taxes currently outweigh the amount of rent they collect.