Renters in New York City are bracing for a potential increase in living costs as the NYC Rent Guidelines Board prepares to cast a preliminary vote on rent rates. The board, responsible for setting rent levels for over 1 million rent-stabilized apartments, is expected to decide whether to freeze or hike rent rates for the upcoming year. With the city's already high cost of living, a rent increase could have significant consequences for low- and middle-income residents, who are already struggling to make ends meet. The vote is a crucial one, as it will set the stage for the final decision later this month, and could have far-reaching implications for the city's housing market.
NYC Rent Guidelines Board set to cast preliminary vote on freezing or hiking rent rates CBS News
