Testimony of NYU Furman Center Senior Fellow Mark Willis Before the Rent Guidelines Board
The Stoop (NYU Furman Center)
APRIL 10, 2025
On April 10, 2025, Mark A. He provided an example of where, between 2010 and 2023, rent increases allowed by the RGB fell short of what is needed to cover increased operating costs and inflation by roughly 1 percent per year in pre-1974 rent-stabilized buildings in the Bronx.
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