Mamdani's Rent-Freeze Approved By NYC Guidelines Board

Mamdani's Rent-Freeze Approved By NYC Guidelines Board The New York City Rent Guidelines Board voted 7–1 to freeze rents on about 1 million rent-stabilized apartments for up to two years, giving tenants a win on a central campaign promise from Mayor Zohran Mamdani while revealing tensions over the board’s independence. The board set the annual increase at zero percent for both one-year and two-year leases starting in October. The affected apartments house roughly 2.5 million ...

By Tyler Durden