Updated about 8 years ago on .
Questions about New dealing with section 8 in new york city
We have been getting notices from section 8 that say they cant accept the rent amounts on stabilized renewal leases. The renewals all follow the RGB regulations for stabilized increases (1.25% for 1yr and 2% for 2yr renewals)
My question is this: Does a landlord have any recourse for this situation? Is section 8 invincible? It seems like we are following the rules and they are ignoring them. How does one get increases when the other party can simply say "unacceptable due to our rent reasonableness test"
For the record we took over the building with the section 8 tenants already in the units.