“Authorizing significant rent increases for over one million rent-stabilized tenants in a vacuum only adds to the pressures that New Yorkers face at a time when our city’s housing supply is limited. The City must ensure that renters are protected and have the security they need to live safely in their homes, and our housing supply remains healthy. As a Council, we will continue to support all New Yorkers impacted by the housing crisis and rising costs.”

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