In a rare move, the New York City Rent Guidelines Board revoted Tuesday to slightly scale back proposed rent hikes for tenants in rent-stabilized apartments.

The vote was 5–3, with one member absent.

The revised guidelines reduce the proposed increase for two-year leases to a range of 3.75% to 7.75%, down from the 4.75% minimum approved last month. 

The range for one-year leases remains at 1.75% to 4.75%.

The board, which typically holds a single preliminary vote ahead of its final decision, convened the unusual meeting amid mounting criticism from tenants and elected officials.

Tuesday’s vote marks the latest flashpoint in an annual process that shapes the housing costs for about a third of the city’s renters.

The board’s decisions are closely watched by both tenant advocates, who see the process as a brake on unaffordable rents, and landlord groups, who argue increases are necessary to cover rising maintenance and operating costs.

The board’s final vote is scheduled for June 27. 

Any approved changes will apply to leases beginning on or after Oct. 1.