RGB Could Freeze One-Year Renewal Leases Again

On May 3, the Rent Guidelines Board (RGB) voted on preliminary increases for next year for the city’s rent-stabilized apartments. The nine-member board voted 5-4 in favor of increases of 0 percent to 2 percent on one-year leases and 0.5 percent to 3.5 percent on two-year leases signed between Oct. 1, 2016, and Sept. 30, 2017.

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