The current allowable increase for leases expiring between January 1, 2017 and June 30, 2017 is zero-point-six (0.6%).
According to Chapter 222 of the City Code, “Rent Index” is defined as the statistical index governing rent increases. The rent index shall be subject to change every six months commencing with January 1 and July 1 of each year, and shall remain unchanged during each six-month period. The rent index shall be computed by taking the twelve-month average of the United States Housing Component of the Consumer Price Index-U for Rent (Residential) immediately preceding the beginning of each six-month period.
If you would like to review the City's rent stablization ordinance, please click here. To help ciruclate information on allowable rent increases as they are set, the City has setup a listserv. By signing up to the landlord listserv with an email address, notices of new increases will be sent directly to your inbox. You can sign up to the Allowable Rent Increase listserv here.
The following is a history of the allowable rent increases:
Jan 1 - Jun 30 Index
Jul 1 -
Dec 31 Index
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