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City Rent Hikes OK'd At Raucous Meeting

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Jun 28, 2006 11:26 am US/Eastern

City Rent Hikes OK'd At Raucous Meeting

by Magee Hickey
NEW YORK (CBS) ― The Rent Guidelines Board has made its decision last night about raising the rent for more than 1 million New Yorkers. At one point, in a show of rent rage, fired up tenants stormed the stage in protest, bringing the hearing to a halt.

It was the most raucous and rowdy rent guidelines board vote in recent memory. For close to four hours, jeering tenants protested the state's control of the city's rent laws.

Chairman Marvin Marcus adjourned the meeting until 9 p.m.

Hundreds of tenant protestors stormed the stage of the Great Hall at Cooper Union. They were armed with everything from drums and whistles to aluminum-foil roasting pans, handmade rattles and coins in cans.

The demonstrators finally left in protest and the chairman was able to announce the vote: 5-4.

The board's vote allows for a 4.25 percent increase on one-year leases and 7.25 percent on two-year leases.

Tenant organizers maintain lawmakers in Albany don't care about New York City renters and are in the pocket of the landlords, and that's why they want city control, so they could lobby their own elected officials.

The increases take effect on October 1.

(© MMVI, CBS Broadcasting Inc. All Rights Reserved.)

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