“While it is relieving that the Rent Guidelines Board did not vote for a range anywhere near the 16% increase under discussion, the approved preliminary ranges still represent potential rent increases that most New Yorkers cannot afford to absorb. At a time when the City faces a housing crisis and affordability remains out of reach for too many, the board must recognize the immense economic strains that these rent increases would have on tenants. As a City, we must equitably address our housing shortage and provide relief for all New Yorkers, including through the preservation of existing affordable units. A comprehensive housing strategy that prioritizes deeper affordability is how we can ensure a healthy, safe, and thriving city for all to sustainably call home.”