Rent could go up as much as 3.5% for rent-stabilized apartments, the city’s Rent Guidelines Board voted on Tuesday.
For a one-year lease, the proposed increase could be anywhere from nothing to 2% for renewal leases starting on Oct. 1, according to the board. But a two-year lease could increase by 0.5% to 3.5%.
The board will hold public hearings before the final vote on June 27.
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