NEW YORK (PIX11) – The Rent Guidelines Board is meeting on Tuesday for a rare revote on rent increase ranges for nearly 1 million rent-stabilized apartments.
It comes after the board approved preliminary guidelines last month that would allow rent hikes of up to 4.75% for one-year leases and up to 7.75% for two-year leases.
Mayor Eric Adams has said the upper end of the guideline range is too much of a burden for tenants.
The board will finalize how much landlords can charge rent-stabilized tenants with a vote in October 2025.
The board, created by Adams, approved rent increases for rent-stabilized apartments last year. Landlords were allowed to raise the price of rent by 2.75% on one-year leases and 5.25% on two-year leases starting on Oct. 1.
Erin Pflaumer is a digital content producer from Long Island who has covered both local and national news since 2018. She joined PIX11 in 2023. See more of her work here.
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