Mayor Michael R. Bloomberg today announced the appointment of Marvin Markus as Chairman of the New York City Rent Guidelines Board (RGB). The RGB is mandated to establish rent adjustments for the nearly one million dwelling units subject to the Rent Stabilization Law in New York City. The Board holds a series of annual public meetings and hearings to consider research regarding operating and maintenance costs, the cost of financing, housing supply and cost of living indices which is produced by staff and from testimony by owners, tenants, advocacy groups and industry experts. The RGB publishes reports based on this research for use by the public, other governmental agencies and private organizations, and provides information to the public on housing questions.

"It is my pleasure to bring back Marvin Markus as Chairman of the Rent Guidelines Board," said Mayor Bloomberg. "Since his last tenure as Chairman, Marvin has made his mark in the world of housing finance and brings a wealth of professional expertise and personal commitment to this job."

Marvin Markus has held several senior management posts at firms including Goldman, Sachs & Co., PaineWebber Inc., Kidder Peabody & Co., Inc., and Bear Sterns & Co. Prior to that, he worked at the NYC Department of Housing Preservation & Development. Markus has served as President of the Citizen's Housing and Planning Council and Chair of the New York City Council Redistricting Commission.

Marvin Markus first served as Chair of the RGB from 1979 to 1984. Markus grew up in Bensonhurst, Brooklyn and earned a BA at Brooklyn College and a Masters of Urban Planning at New York University. He is married with two children.