NYC Approves Rent Hike for Stabilized Leases Amid Tension

On June 30, 2025, the Rent Guidelines Board (RGB) voted to approve new rent hikes for nearly 1 million rent-stabilized apartments across New York City. Despite loud protests, political pressure, and a shifting citywide conversation on affordability, the board ultimately passed modest increases that will go into effect later this year. So what does this […]

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