Rent Board, Booed as Usual, Recommends Increases

(NYT) — The board that regulates rents at the city’s one million rent-stabilized apartments recommended a range of increases on Wednesday evening over the boos and hisses of a small yet spirited crowd of tenants, many of whom argued for rent freezes, citing high unemployment and hardship.

The Rent Guidelines Board approved increases of 2 percent to 4 percent for one-year leases and 4 percent to 6 percent for two-year leases, among the lower range of increases the nine-person panel has recommended in recent years. After public hearings on June 15 and June 17, the final increase will be set at a meeting June 24.

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