Former City Council Speaker Christine Quinn on Wednesday said the city's rent hike proposal is out of touch with the reality tenants are facing.

The former councilwoman and current CEO of WIN, one of New York's largest shelter providers, joined "Mornings On 1" to weigh in on the Rent Guidelines Board's latest vote.

The board reconvened Tuesday and slightly revised its proposed increases, lowering the range for two-year leases to 3.75% to 7.75%. The range for one-year leases stayed the same at 1.75% to 4.75%.

Quinn argues tenants are being priced out while landlords continue to profit.

"The reality is, even though costs may have gone up, tenants' incomes have not gone up, and landlord profits have gone up over 10%, by some accounts, 12% or 13%," she said.

"If landlords really want to make a case that they cannot afford to keep doing business. I urge them to open up their books, to show us all their profit, all their losses, and then we as a city can look at that. But what we know is tenants are getting priced out," she added.

Quinn also called the "one size fits all" structure of rent hikes problematic.

"To have the whole system skewed and not recognize the tremendous impact on tenants really erodes not just the diversity of the city, but the vibrancy and the economic diversity of the city.".

Tap the video player above to watch the full interview.