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NYC Freezes Rent for Regulated Apartments for One Year

The New York City Rent Guidelines Board has voted to freeze rent on regulated apartments for one year, starting September 2020 and extending to October 2021. The purpose behind the rent freeze is to help residents of regulated apartments to endure through the coronavirus pandemic, as many New York City residents remain out of work. The move has angered advocates for both renters and landlords, who see the vote as a compromise that satisfies no one. Continue reading “NYC Freezes Rent for Regulated Apartments for One Year”