Rent Guidelines Board final vote Wednesday, stabilized tenants face significant hikes


The Rent Guidelines Board will hold its final vote on increases for the city’s 1 million stabilized tenants on Wednesday, June 21, potentially allowing landlords to hike rents by up to 7%.

The vote will take place at the Assembly Hall of Hunter College, on East 69th Street between Park and Lexington avenues, at 7 p.m. on Wednesday. In May, the board approved a preliminary range of increases of 2-5% for one-year leases and 4-7% for two-year leases; the final approved rates typically fall within the preliminary range, but don’t necessarily have to.