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New York City approves biggest rent hikes in a DECADE: Panel says landlords can charge extra 5%

New Yorkers living in one million rent-stabilized apartments are now faced with the biggest rent increase in a decade after a panel approved a rent hike for one-year and two-year leases despite tenants already crippled amid the cost of living crisis. 

The NYC Rent Guidelines Board voted 5-4 Tuesday night to raise rent for rent-stabilized apartments to 3.25% for one-year leases and 5% for two-year leases.

The increases are the largest jumps in nearly a decade. 

At the raucous rent board session in Cooper Union’s Great Hall, angry New Yorkers blew whistles, shouted ‘housing is a human right’ and turned their backs to the board, but they could not stop the vote. 

‘We fight with the landlords, the rats, the roaches, the leaks, the no-gas, the no-heat, the no-hot water — and you wanna give…

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