"Last night, the Rent Guidelines Board voted to increase rents by 3.25 percent on one-year leases and 5 percent on two-year leases for rent-stabilized tenants for leases beginning on or after October 1, 2022. This is an assault on a dwindling affordable housing stock while market-rate rents are at a record high. We cannot continue a disconnected approach to housing where tenants pay more than half of their income towards rent while landlords expect guaranteed profit, neglect their responsibilities, and aggressively evict low-income New Yorkers."
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