The Legal Aid Society is hailing the New York City Rent Guidelines Board for freezing rents for residents of stabilized apartments, lofts, and hotels.

“We commend the Board for their vote tonight to freeze the rent for the more than 2 million New Yorkers who currently reside in rent-stabilized housing,” reads a statement from Legal Aid. “Numerous reports and data released by the Board over the past several weeks have proven unequivocally that tenants have reached a breaking point, with rising inflation, unemployment, New York’s skyrocketing cost of living, and eviction rates underscoring the urgent need for relief.”

“Tonight’s vote is a lifeline that will provide much-needed stability for thousands of low-income and working-class rent-stabilized tenants facing the threat of eviction and displacement after four consecutive years of rent increases under the previous administration,” the statement continues.  “At a time of historic unaffordability across the five boroughs, a rent freeze is a prudent, evidence-based response to the challenges facing tenants.”