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On June 23, the Rent Guidelines Board (RGB) voted 5-4 to freeze stabilized rents for the first six months of one-year leases beginning on or after Oct. 1, 2021, then raise them 1.5 percent for the next six months. The RGB also voted to raise rents on two-year leases by 2.5 percent. The new rates take effect for leases commencing between Oct. 1, 2021, and Sept. 30, 2022.
