DHCR Cuts Air-Conditioner Rent Surcharge for 2012-13

The Division of Housing and Community Renewal (DHCR) has just announced a cut in this year's air-conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $22.66, down from $29.13last year. This year's decrease reflects a 22.2 percent decrease in the price of electricity for electrical inclusion buildings as calculated by the Rent Guidelines Board's 2012 Price Index of Operating Costs issued in April 2012.