Political Currents by Ross Barkan

Political Currents by Ross Barkan

Share this post

Political Currents by Ross Barkan
Political Currents by Ross Barkan
Eric Adams and the Landlords Make Their Move
Copy link
Facebook
Email
Notes
More

Eric Adams and the Landlords Make Their Move

Rent hikes are coming

Ross Barkan's avatar
Ross Barkan
May 06, 2022
∙ Paid
6

Share this post

Political Currents by Ross Barkan
Political Currents by Ross Barkan
Eric Adams and the Landlords Make Their Move
Copy link
Facebook
Email
Notes
More
2
Share
Photo: Getty Images

On Thursday night, the Rent Guidelines Board voted to support the largest rent increase in almost a decade, dealing a blow to the housing movement and cementing Eric Adams’ vision of a landlord-friendly city.

The increases, ultimately, were not as large as initially feared. The nine-member board, which is partially stocked with Adams appointees now and will completely turn over in the coming years, voted to raise rents on one-year leases by 2 to 4 percent and on two-year leases by 4 to 6 percent. In June, the board will formally approve the hikes. The last time the more than one million rent-stabilized tenants in New York City faced such rent increases, it was 2013 and the billionaire Michael Bloomberg was still mayor.

Progressive politicians and organizations denounced the vote, but with relatively little fury. Stars of the movement like Alexandria Ocasio-Cortez were silent. Left-leaning city council members, to their credit, had been banging the drum against such hikes for some time. Tenant and housing activists were engaged most in the fight and were, in this case, outgunned.

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Ross Barkan
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More