NYC’s Rent Guidelines Board walks back hike on stabilized apartments in rare revote

Craig McCarthy, Haley Brown
Tue, 27 May 2025 16:16:30 -0400

The Rent Guidelines Board on Tuesday scaled back its planned hikes on nearly 1 million rent-stabilized units — in a rare reversal that landlords said will leave New York City’s aging buildings in disrepair. The board’s re-vote shaved down the proposed range of increases for two-year leases to 3.75% to 7.75%, down from the minimum of 4.75% that...