For the Second Year, Rents in Some Stabilized Apartments in New York City Will Not Increase

The board that sets rents for more than one million rent-stabilized apartments in New York City voted on Monday to freeze rents for one-year leases for the second year in a row.

By a vote of 7 to 0, with two abstentions, the New York City Rent Guidelines Board also decided to raise rents by 2 percent for two-year leases, a modest rise that mirrors last year’s. The vote, which came during a typically emotional board meeting, was in keeping with the historically low rent increases that the board had previously approved during the administration of Mayor Bill de Blasio, a Democrat who appointed the full board.