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How Would a Rent Freeze Impact NYC’s Rent Stabilized Tenants?
Summary:
Skyrocketing rents have taken center stage in this year’s Democratic mayoral primary, with tenants calling for a rent freeze for the city’s 961,000 rent stabilized households. Using recent housing data, this fact sheet reveals that a rent freeze could save rent-stabilized households up to $6.84 billion over four years while boosting the local economy as tenants spend on their savings on food, child care, and more.
Issues: Affordable Housing
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