It’s official: New York City is getting a rent freeze

New York City is freezing the rents of rent-stabilized apartments.  The city’s Rent Guidelines Board voted seven to one in favor of a freeze Thursday night, at El Museo del Barrio in Manhattan. The board approved rent increases of 0 percent on one-year leases and 0 percent on two-year leases The result delivers on Mayor Zohran Mamdani’s campaign promise and is a show of strength for the tenant advocates who helped elect him. For landlord groups the vote was a difficult, if expected, blow. A freeze on two-year leases has never before been approved.  Thursday’s vote was colored by the […]

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