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SoHo Tenants Face 800% Rent Hike; Still Not Paying That Much
By
Sabrina Jaszi
Published Mar 28, 2010
Modified Mar 28, 2010
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By
Sabrina Jaszi
Published Mar 28, 2010
Modified Mar 28, 2010
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Residents of a rent-controlled SoHo building are facing monthly spending increases of up to 800 percent. "Our lowest rent now is $80, and the highest $403," one tenant at 63 Thompson St. told the Post. "They'll go up to $800 for studios, and $1,098 for one-bedrooms.” The rent hikes come thanks to a deal between the government and The Phipps Housing Center, that will take over the five-story property for $1. While it renovates, the nonprofit will relocate the building's tenants; some say they won’t be able to afford the vastly increased rental price when they return.
“Phipps said those who can't afford the rents can go on Section 8," griped one of the building's deeply-rooted residents, referring to the welfare act. Another casualty of the deal is the Laurel Canyon/Chelsea Girl vintage shop, which Phipps has evicted, contrary to promises that street-level stores would be able allowed stay put.
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laurel canyon vintage
phipps housing center
rent
rent control
soho
thompson st. vintage shop
Sabrina Jaszi
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