Key facts
- Tracey Towers residents will see a rent increase exceeding 30%.
- The development is a Mitchell-Lama project with 871 units.
- Residents are criticizing the mayor's administration for the hike.
- The residents claim the increase contradicts affordable housing promises.
Residents of Tracey Towers, an 871-unit Mitchell-Lama co-op in The Bronx, are expressing anger over an impending rent increase of more than 30%. The development is intended for middle- and moderate-income families. Tenants have criticized the Mamdani administration, stating that the rent hike contradicts the mayor's promises regarding affordable housing. The notification of the rent increase was reportedly given to tenants during a meeting on Wednesday.