When New York City’s Rent Guidelines Board approves a rent increase, it’s for every single unit in the affordable housing stock. What if there’s a more nuanced system? A growing chorus of housing insiders and organizations are asking the RGB to consider applying different increases for different buildings. The New York Apartment Association and the Small Property Owners of New York have both advocated for differentiating allowable rent increases depending on building characteristics like age.  The Mamdani administration seems to be listening.  At The Real Deal’s NYC Forum, one of the mayor’s top housing officials acknowledged that the current process […]

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