RGB Approves Back-to-Back One-Year Rent Freeze, Sets Two-Year Increase at 2 Percent

On June 27, the Rent Guidelines Board (RGB) voted for a 0 percent increase on one-year leases, and a 2 percent increase on two-year leases. The nine-member board voted 7-0, with two abstentions from the members representing the interests of landlords, to approve a 0 percent increase on one-year leases, and a 2 percent increase on two-year leases. This is the same decision as last year.

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