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By law, the rent-stabilized units couldn’t rise high enough to service a mortgage.

But reasonable changes can be made to the formula that establishes how much owners of rent-stabilized units can raise their prices each year.

She says the apartment she eventually moved into isn’t perfect, but it’s rent-stabilized at $1,700 a month.

The city’s proposal would make them permanent and go further to mandate every rent-stabilized unit demolished is replaced by an income-restricted affordable unit.

They want officials to mandate developers replace each rent-stabilized unit they demolish with not one but two income-restricted affordable units.