The Rent Guidelines Board approved a range of increases for the city’s 1 million stabilized tenants that could see leases spike up to 7%, against the backdrop of a raucous meeting where protesters and elected officials stormed the stage and relentlessly booed the proceedings.
By a 5-4 vote, the board approved a preliminary range of increases of 2-5% for one-year leases and 4-7% for two-year leases. The Board will vote on the final percentage increase on June 21, but increases historically fall within the preliminary range.
