City proposes increase for rent-stabilized apts.

? The city?s Rent Guidelines Board proposed an increase for rent-stabilized apartments Tuesday.

The proposal includes an increase of 2 to 4.5 percent for one-year leases and a 4 to 7.5 percent hike for two-year leases.

The public will be able to voice its opinions of the proposal during two public hearings next month.

The board will take a final vote on June 23.

www.housingnyc.com

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