One of the worst fires ever in Chinatown ravaged three apartment buildings in April 2010 and left 200 people homeless.
Under the proposal, a one-year lease could see a rent increase from 3.25 percent to 6.25 percent. A two-year lease could go up from 5 percent to 9.5 percent, according to the rent board.
A preliminary decision was issued Tuesday for raising the rents on rent-stabilized apartments in New York City.
Hundreds of New York City residents filled Cooper Union on Monday night to fight against rent increases for rent-stabilized apartments. But their wishes would go unfulfilled.