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The New York City Rent Guidelines Board has approved a two-year rent freeze for 1 million rent-stabilized apartments, following a proposal from Mayor Zohran Mamdani. The board's decision, made on June 25, 2026, will impact apartments in older buildings and those with specific tax breaks, beginning in October.
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The New York City Rent Guidelines Board has approved a two-year rent freeze for 1 million rent-stabilized apartments, following a proposal from Mayor Zohran Mamdani. The board's decision, made on June 25, 2026, will impact apartments in older buildings and those with specific tax breaks, beginning in October.
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Mamdani’s rent freeze passes for 1 million units
New York City Rent Guidelines Board Approves Two-Year Rent Freeze