NEW YORK CITY (PIX11) – A rent freeze is still on the table for New York City after the Rent Guidelines Board’s preliminary vote – but so is a hike.

On Thursday, the board proposed rent increases for New York City’s stabilized units between 0% and 2% on one-year leases. On two-year leases, the range is 0% to 4%.

More News: PIX on Politics

So, what happens now? Patrick Spauster, housing and homelessness reporter for City Limits, joins PIX on Politics Daily to break down Thursday’s vote.

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Watch the video player for the full breakdown.

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