NYC approves rent increase for millions living in rent-stabilized apartments

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NYC approves rent increase for millions living in rent-stabilized apartments
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It's official: millions of New Yorkers will be paying more for rent.

, the New York Times reported April 20.

"We have a really serious housing pandemic, catastrophe, whatever you want to call it. It's really serious," said Pilar DeJesus of the Rent Justice Coalition."The landlords have never opened their books to show us how broke they are." "Still better than the irresponsible and reckless de Blasio year, but not quite the appreciation of the increase costs building owners are always facing," said the Rent Stabilization Association's Michael Tobman. The group represents thousands of landlords, whom mostly own smaller buildings.

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