Stuyvesant Town/Peter Cooper residents won’t see MCIs on rent bills until January

Tenants Association attorney Tim Collins speaks to residents, while Assembly Member Brian Kavanagh, State Senator Brad Hoylman and TA Chair Susan Steinberg listen. (Photo by Sabina Mollot)

At a meeting held on November 2, ST-PCV Tenants Association attorney Tim Collins speaks to residents about the MCIs, while Assembly Member Brian Kavanagh, State Senator Brad Hoylman and TA Chair Susan Steinberg listen. (Photo by Sabina Mollot)

By Sabina Mollot

Residents of Stuyvesant Town/Peter Cooper Village won’t see the recently approved round of MCI rent hikes on their rent bills until after the holidays, CWCapital has announced.

In an email sent to residents on Friday, the special servicer said:

“CWCapital and CompassRock Real Estate have agreed to defer new MCI billing until January 2014. As a result, your December 2013 rent bills will not include the recently approved MCIs. CWCapital, the ST/PCV Tenants Association and DHCR are engaged in discussions regarding the implementation of the MCIs and we will keep residents informed of any developments.”

A spokesperson for management declined to comment further on the delay to implement the MCIs, which the Tenants Association also mentioned in an email to neighbors sent at around the same time in the afternoon as CW’s. The Tenants Association also noted that it was engaged in discussions with CWCapital and the Division of Housing and Community Renewal (DHCR) of New York Homes and Community Renewal (HCR), the state housing agency.

In the past month, tenants have received notices that MCIs (major capital improvements) for security upgrades done in 2009 as well as work done that year on doors, resurfacing and water tanks and valves, had been approved. The Tenants Association has since said it would challenge those MCIs, while CWCapital has made an offer to reduce the MCIs’ retroactive portions by 35 percent if tenants agree not to partake in any challenge. The DHCR, meanwhile, recently agreed to the Tenants Association’s request for reconsideration of the MCIs.

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2 thoughts on “Stuyvesant Town/Peter Cooper residents won’t see MCIs on rent bills until January

  1. Kudos to our Tenants Association for all their hard work. Rarely is this seen in any development nationwide, let alone NYC. So grateful.

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