New York City Freezes Rents for Million-Plus Regulated Units: All You Need to Know

New York City Freezes Rents for Million-Plus Regulated Units: All You Need to Know

Ibtimes·2020-06-18 18:35

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The New York City Rent Guidelines Board voted to implement a one-year rent freeze in rent-controlled apartments in New York City on Wednesday night. The move came in response to the coronavirus pandemic that has seen millions losing their jobs and struggling to pay rent. This is the third time in seven years that a rent freeze has been implemented in New York City.

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