Rent to go up for NYC's 1M stabilized apartments after final board vote

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Rent to go up for NYC's 1M stabilized apartments after final board vote
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Rents on the city's one million rent-stabilized apartments will go up for the second consecutive year.

The New York City Rent Guidelines Board is set to vote Wednesday night on an increase for about one million rent stabilized units.

Property owners cite high inflation and ballooning costs. But tenant advocates note it is the second time increase in as many years of the Adams administration., when a number of politicians and tenant activists loudly took to the stage with chants, banners and demands for a rent rollback.on "items that are reasonably likely to disrupt the proceedings, such as noisemakers and drums," at Wednesday's final vote.

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