May 6, 2014: Rent Guidelines Board Preliminary Vote

On May 5, 2014, the Rent Guidelines Board took a preliminary vote on guidelines for the year beginning October 1st 2014.  The preliminary guidelines are:

For a one year renewal:  range 0 - 3%

For a two year renewal: range 0.5 to 4.5%

The special guideline: greater of 30% above the MBR or the HUD FMR

Loft: one year 0 to 3%; two years 0.5 to 4.5%

The vote was 8 to 1.  CHIP testified in favor of a 6% and 11% increase for one and two year leases, respectively. 

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