NYC approves hikes for some 1M rent-stabilized apartments

NYC approves hikes for some 1M rent-stabilized apartments

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New York City voted Wednesday to increase rents for roughly 1 million rent-stabilized apartments, as residents struggle to find affordable homes, landlords grapple with rising maintenance costs and the city faces record homelessness. The Rent Guidelines Board voted by 5 votes to 4 in favor of a 3…

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