Sunny Mindel / Curt Ritter (212) 788-2958
It's unfortunate that the Rent Guidelines Board voted for the large increases of 4% for a one-year lease and 6% for a two-year lease. The Mayor's Office urged for increases of 3% for a one-year lease and 5% for a two-year lease. The Board however, functions as an independent body; voted for the larger increase. Clearly, some of the pressure exerted on the Board was due to the fact that there appears to be no relief in sight from the ever increasing price of home heating oil resulting from O.P.E.C's price gouging. This has been going on for over a year without any adequate response from the Clinton Administration.