The New York City Rent Guidelines Board voted 7-1 on Thursday to freeze rent increases for one- and two-year leases, affecting approximately 1 million rent-stabilized apartments. This decision is expected to provide relief to tenants, as these apartments represent over 40% of the city's rental housing. The vote aligns with the campaign promises of Mayor Zohran Mamdani, who has emphasized the need to address rising housing costs in the city.
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New York City Housing Board Votes to Freeze Rent for 1 Million Apartments
The New York City Rent Guidelines Board has voted to freeze rent increases for about 1 million apartments, a decision that impacts over 40% of the city's rental housing. This move is seen as a fulfillment of Mayor Zohran Mamdani's campaign pledge to tackle rising housing costs.
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New York City will freeze rent for 1m apartments in big victory for Mamdani
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New York City Housing Board Votes to Freeze Rent for 1 Million Apartments