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In New York City, renters howl in anger as board rejects rent freeze
In New York City, renters howl in anger as board rejects rent freeze

The panel that determines how much landlords can raise costs of the city's 1 million rent-stabilized apartments approved a historic low increase of 1% for the next fiscal year, but in a raucous meeting Monday, it did not give tenants the rent freeze they demanded. The nine-member panel, which is appointed by the mayor, also approved an increase of 2.75% for two-year leases of rent-stabilized units. The increases take effect in October. "This moment is a nightmare," one of the board members, Steven Flax, said as he voted for the proposal. Hundreds of tenants waving signs calling for no increase howled in anger. The proposal, one of several the board had considered, passed...

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