Rent Freeze! Rent Guidelines Board Approves Historic Zero Percent Increase

The Rent Guidelines Board voted for a historic rent freeze on rent-regulated units on Monday night, the first time in its 46 year history that it has done so.

The Board approved a zero percent increase for one-year leases and a 2 percent increase on two-year leases, fulfilling a campaign promise that Mayor Bill de Blasio made, though one that he has shied away from weighing in on this year, declining to take a position until after the board’s vote tonight.

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