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4 weeks ago

Mamdani celebrates rent freeze for stabilized housing as board member quits, blasts vote process

The New York City Rent Guidelines Board (RGB) voted 7-1 on Thursday to freeze the rent for rent-stabilized apartments.A summary of the rent-stabilized apartment guidelines adopted on Thursday indicates that "Together with such further adjustments as may be authorized by law, the annual adjustment for leases for apartments shall be" 0% for one-year and two-year leases starting "on or after October 1, 2026, and on or before September 30, 2027."New York City Mayor Zohran Mamdani, whose prominent rent-freezing pledge marked a key plank of his Big Apple mayoral campaign last year, issued a statemen...