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NYC rent increase approved for rent-stabilized apartments: What to know
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CBS NewsChristina Fan
The Rent Guidelines Board approved rent increases for New York City’s roughly 1 million rent-stabilized apartments. Landlords will be able to increase rent by 3% on one-year leases. Tenants and advocates spoke out against the proposed rent hikes, calling for a rollback or freeze on rent instead. PIX11's Katie Corrado has more on the rent increase and when it will take effect: https://pix11.com/news/local-news/nyc-rent-guidelines-board-approves-rent-increases-for-rent-stabilized-apartments/ | PIX
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