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- A decision Tuesday could change rent-stabilized units drastically.
- This would be an unprecedented development for NYC Mayor Bill De Blasio’s administration.
- Building owners are proposing rent increases.
One million New Yorkers who live in rent-stabilized housing may be facing rent hikes of an unprecedented scale under Mayor Bill de Blasio’s administration thus far.
The decision will be made at the annual Rent Guidelines Board meetings, which has experienced first-hand the growing tension and concern as protests at meetings grew in intensity over the past few months, according to the Wall Street Journal. Both loud and silent protests have been a mainstay of the board’s last several meetings and the issue will ultimately be decided in a final vote this Tuesday.See the rest of the story at Business Insider
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