For First Time, Board Considers NYC Rent Freeze

NEW YORK -

The NYC Rent Guidelines Board on Monday voted to consider 0 to 3 percent increases on one-year leases on rent-regulated apartments, and 0.5 percent to 4.5 percent increases on two-year rents — the first time they considered a rent freeze. Building owners called the vote outrageous while tenant groups applauded it. A final vote is set for June 23 following public hearings.