NY Dirt: Mamdani-backed sweep, rent freeze set up Albany fight
Last week’s primary contests and the subsequent rent freeze vote were a one-two punch for the real estate industry. Both further dimmed hopes for favorable city and statewide policy, while setting up potential legal challenges from those who oppose the board’s determination. After the Rent Guidelines Board approved the freeze seven to one, politicians in attendance cheered the historic vote as a key step to unlocking support for Albany’s broader housing goals. “Today the tenants showed their power, but this is just the beginning of the shift of power back to the tenants of the City of New York,” Assembly […]
This article originally appeared on The Real Deal. Click here to read the full story.
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