System of Reviewing Rent Increases Needs Gut Rehab
Every June, the same circus comes to town. The Rent Guidelines Board (RGB), a group of nine appointed by the mayor, holds public hearings before determining what rent increases landlords may ask in the coming year. This year, the proposed rent increases are 2 to 5.5 percent for one-year lease renewals, and 4 to 7.5 percent for two-year lease renewals.
