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New York Mayor Eric Adams’ Statement on Rent Guidelines Board Vote

New York City Mayor Eric Adams tonight released the following statement following the Rent Guidelines Board’s 5-4 vote to adjust rents on rent-stabilized apartments by 2.75 percent on one-year leases and 5.25 percent on two-year leases:  “Our volunteer Rent Guidelines Board members are charged with a vital but challenging task: protect tenants from unfair rent…

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