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Rent Stabilized Tenants Likely to Face Rent Hikes of Up to 6 Percent Following Divisive Rent Boards Vote

The city’s roughly 966,000 rent stabilized tenants could face an annual rent increase of up to 6 percent this year, something tenant advocates say would be extremely damaging for the many low income rent stabilized tenants still reeling from the effects of the Covid-19 pandemic. However, landlords say the increase […]