They proposed that for rent stabilized apartment and loft leases to be renewed any time from October 1, 2021 through September 31, 2022:
- For 1-year leases, an increase of 0 to 2% (so a rent freeze is possible)
- For 2-year leases, an increases of 1-3%.
Public hearings will be held on Tuesday, June 15 and Thursday, June 17.
The final vote will be held on Wednesday, June 23 (the day after NYC primary elections).