Board Votes to Freeze Rent Hikes on NYC’s Rent-Stabilized Apartments

The New York City Rent Guidelines Board voted 7-1 to approve a two-year freeze on rent increases for approximately one million rent-regulated apartments citywide, covering leases of one or two years. The vote was seen as a victory for Mayor Zohran Mamdani, who made a rent freeze one of his campaign promises. It was the...