Despite protests from tenants, the city's Rent Guidelines Board is proposing a new set of increases for rent-stabilized apartments.
For one year leases, they are proposing 1.75 to 4 percent hike. Two year leases will see a 3.5 to 6.75 percent increase.
More than 1 million rent-regulated apartments will be impacted.
Both the tenants and the landlords say the process is unfair.
A final vote on the increase will happen June 21, following public testimony.
---
