NYC Rent Guidelines Board Apartment/Loft Order No. 57

Citation: NYC Rent Guidelines Board Apartment/Loft Order No. 57
Parent Document: NYC Rent Guidelines Board Apartment/Loft Order No. 57
Jurisdiction: NYC (municipal)
Effective Date: 2025-10-01
Original Source: https://rentguidelinesboard.cityofnewyork.us/wp-content/uploads/2025/07/Apt-O... ↗

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The prior proposed rule for Apartment and Loft Order 57 adopted April 30, 2025 was
withdrawn. The board received written and in-person testimony from many parties with
an interest in this process both prior to the vote taken on April 30 and since. In
particular, the Board received testimony on the impact of potential rent increases on
tenants whose incomes are not keeping pace with the rising cost of living. As the board
implements its mandate to consider the cost of operating rent stabilized buildings while
maintaining reasonable rents, it must also consider the economic uncertainty reflected
in much of the testimony that the Board has received to date. Therefore the board voted
to restart the rulemaking process and approved proposed adjustments for two-year
leases that have more flexibility than what was determined on April 30.

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