NYC panel could hike rents for stabilized tenants 6.5% in Monday vote

A New York City board will vote Monday night on how much to raise rents this year for the Big Apple’s approximately 1 million stabilized tenants — a hike that could reach as high as 6.5%.

The nine-member panel, known as the Rent Guidelines Board, will hold its final vote to determine the amount in rent increases stabilized tenants will see this coming year during a June 17 meeting. The proceeding, which is open to the public, will take place at Hunter College’s Assembly Hall at 7 p.m.