Under the Emergency Tenant Protection Act of 1974 (ETPA) (McKinney's Unconsolidated Laws of NY § 8621 et seq. [L 1974, ch 576, sec 4]), the Council of the City of New York is empowered to regulate the rents of housing accommodations subject to the New York City Rent Stabilization Law (Administrative Code of City of NY § 26-501 et seq.). The New York City Rent Guidelines Board was created pursuant to that statutory authority and, under Rent Stabilization...
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