DHCR Increases Air-Conditioner Rent Surcharge for 2018–19

The Division of Housing and Community Renewal (DHCR) recently announced an increase in this year’s air-conditioner rent surcharge for owners who pay for electricity. It set the monthly surcharge at $26.42, up 40 cents from $26.02 last year. This year’s decrease reflects a 1.5 percent increase in the price of electricity for electrical inclusion buildings as calculated by the Rent Guidelines Board’s 2018 Price Index of Operating Costs issued in April 2018.