Board paves way for rent freeze as advocates push for money back
Mayor Zohran Mamdani’s rent freeze is coming in for a landing. New York’s Rent Guidelines Board voted Thursday to raise rents in regulated apartments by a range starting with zero — meaning a freeze is very much on the table. The board approved increases of 0-2 percent on one-year leases and 0-4 percent on two-year leases starting in October. The range was approved in a 7-1 vote with one member abstaining. Tenant advocates who had agitated for a rent freeze were not satisfied with the vote. Organized groups booed the result, instead suggesting the board should support a negative range […]
This article originally appeared on The Real Deal. Click here to read the full story.
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