During a meeting Wednesday night to hold a preliminary vote, the city’s Rent Guidelines Board backed an increase for rent-stabilized apartments of 1.75% to 4.75% on one-year leases and 4.75% to 7.75% on two-year leases. The final maximum increase is subject to another vote in the next few months.

On Wednesday, the RGB voted 5–4 to back rent increases between 1.75 and 4.75 percent for one-year leases, and between 4.75 and 7.75 percent for two-year leases