Rent increases for rent-stabilized apartments are decided by the Rent Guidelines Board (RGB) of New York City every year. Since 1969, the RGB has always voted to increase the rent rates in NYC.

Margaret Chin a Manhattan City Councilwoman introduced a new bill on April 10th that would greatly benefit the senior community living in New York City today. This proposed bill would put a rent freeze on senior citizens that are currently earning $50,000 or less annually.

Mayor de Blasio has so far stayed in consistency with his plan to create more affordable housing here in NYC. One method of making NYC a more affordable city would be pursuing a renters’ freeze of regulated rents. The Rent Guidelines Board, which is comprised of nine people, had five seats on this board that were recently up for re-appointment or new appointments in March. De Blasio had finally filled these five of the nine seats. The other four seats left for re/new-appointment will be filled in December 2014.

New York City renters are hoping that Mayor de Blasio will follow through with his campaign promise of a renting freeze. The NYC Mayor will be appointing the nine members that make up the Rent Guidelines Board (RGB). This board decides how much regulated rents will increase per year.

Mayoral candidate Bill de Blasio received a shoutout on Monday from the Bloomberg Administration’s chief of city planning, the Daily News reports. De Blasio supports a plan that would require all new development to have affordable units, which was a topic of converasation.