City board to decide this week whether to freeze rents in stabilized apartments

The city’s rent board is poised to vote Wednesday on whether to freeze rents in stabilized apartments. The Rent Guidelines Board will consider four different proposals for stabilized apartments and lofts. Three of the proposals seek to freeze rents, while one, put forward by landlord representatives on the board, calls for a 2 percent increase on one-year leases, and a 5 percent hike on two-year leases. Based on last month’s preliminary vote, a proposal by

source https://therealdeal.com/2020/06/15/city-board-to-decide-this-week-whether-to-freeze-rents-in-stabilized-apartments/