City Hall, NY – Ahead of the Rent Guidelines Board vote on proposed rent increases to the city’s nearly one million rent-stabilized units, New York City Council Speaker Adrienne Adams sent the Board a letter calling on them to recognize the affordable housing and homelessness crises the city is facing. New York City’s rent-stabilized units account for almost half of the city’s rental apartments, making it a crucial piece of the city’s affordable housing stock.
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