Rent-stabilized tenants get highest hike since 2008

The city’s Rent Guidelines Board voted Thursday to increase rents on rent-stabilized apartments by 4 percent for one-year leases and 7.75 percent for two-year leases.

The increases will apply to renewal leases commencing on or after October 1, 2013 and on or before September 30, 2014.

The hikes are reportedly the highest rate increases since 2008.

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