Statement by Speaker Melissa Mark-Viverito Re: Rent Guidelines Board Decision

“I applaud the Rent Guidelines Board for voting to approve a much needed rent freeze on one-year rent stabilized leases. New York City is in the midst of a housing crisis and as we work together with our partners in government to create new affordable housing units, we must also ensure existing rent stabilized homes are protected from unreasonable rent hikes. This rent freeze, along with a two percent increase on two-year leases, will provide relief to over 1.1 million rent stabilized tenants in New York City and will help alleviate the burden of increased rent-,even as wages remain stagnant.”

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