The Rent Guidelines Board held a preliminary vote tonight on rent increases for the city's one million rent stabilized apartments.
The chair's proposal passed by five votes, allowing for 0 to 2 percent increases for one-year leases, 0.5 to 3.5 percent for two-year leases and 10 percent for sublets.
The board passed over proposals recommended by landlords and tenant members.
Landlords had proposed an allowance of 4.2 percent increases on a one-year leases and 6.75 percent increases on a two-year leases, with the same 10 percent increase allowance on sublets.
Tenant members had proposed -4 percent to 0 percent increases for one-year leases, -2 to 0 percent increases for 2 year leases and no increases on sublets. Vote was also no.
Last year, the board voted to raise rent by a record low of 1 percent for one-year lease renewals, and 2.75 percent for two years.
A report released last week shows landlord operating costs have risen by just 0.5 percent, the lowest increase since 2002.
The meeting was open to the public.