City’s Rent Board Approves Increases of 1.5% and 2.5%

City’s Rent Board Approves Increases of 1.5% and 2.5%
One-year leases on rent-stabilized units can climb 1.5 percent, and two-year leases can increase 2.5 percent, the Rent Guidelines Board decided in a 5-to-4 vote on Tuesday night.