The proposal, which passed by a 5 to 4 vote on Thursday, raises rents on one-year leases by 2 percent and on two-year leases by 4 percent.
Joseph Strasburg is president of the /*Rent Stabilization Association*/, which advocates for landlords. He says owners need enough money to keep buildings in good condition.
Tenant groups, which had called for a rent freeze, say New Yorkers can't afford rent hikes. They say the Rent Guidelines Board should be reformed to increase its accountability and diversity.
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