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أخبار الخليج
New York caps rent for million units
The New York Housing Council has approved a rent freeze for around one million regulated apartments for up to two years, in response to a municipal government campaign pledge. This will prevent any overall rent increases during this period. The decision was made following a vote carried out with the support of the majority of members and was welcomed by tenants who approved of the move, while some landlords' board members expressed their opposition. The aim of the decision is to protect tenants from rent hikes, especially as the average monthly rent for regulated apartments has risen to $1,599, compared to $3,950 for new units.
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