New York Rent Hike Vote Looms, Investor Alert
2025–26 NYC RGB Rent Hike Rates (3%/4.5%) Although the Rent Guidelines Board vote was decided by a narrow margin, the 2025–26 adjustment set one-year lease renewals at 3 percent and two-year renewals at 4.5 percent. The decision passed 5 to 4 after a heated process. Separate ballot initiatives, including an Affordable Housing Appeals Board , could further reshape how projects and approvals move forward. A prior 0% one-year guideline in 2016 underscored the board’s ability to freeze renewals. Disruptive Rate Continuity for 2025–26 The 3 percent and 4.5 percent levels matched the prior RGB rates from the previous year. They applied to leases signed from October 1, 2025, through September 30, 2026. This continuity followed a cumulative 12 percent rise over four years under the prior administration. Owners and lenders flagged portfolio adjustments and valuation impacts tied to regulated cash flow assumptions. 2026 Vote Calendar Adds Uncertainty Next Adjustment Window The board is schedule...