Rent freeze lawsuit tests limits of City Hall influence over RGB
The first legal challenge to New York City’s rent freeze is about far more than this year’s Rent Guidelines Board vote. Six landlords filed an Article 78 petition in New York Supreme Court seeking to overturn the Rent Guidelines Board’s June decision to freeze rents for the city’s roughly 1 million stabilized apartments. The petition asks the court to annul the vote and send it back to the board for reconsideration, arguing the process was arbitrary and politically predetermined. The case lands squarely on one of Mayor Zohran Mamdani’s signature campaign promises. Landlords argue Mamdani effectively guaranteed the outcome by […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Cushman, Newmark win REBNY Retail Deal of the Year
Awards
STK steakhouse chain cooks up lawsuit in Union
Square
Hamptons’ Community Housing Fund crosses major
milestone
Why So Many Sellers Are Cutting Their Price Right
Now
Mortgage Rate Lock-In Effect: What It Means If You Want to
Move
George Comfort corrals $386M loan to refinance 200
Madison
Tish James seeks to silence whistleblower, REBNY in Peak
lawsuit
The Housing Market Correction Is Spreading
The Rental Market Wasn’t Built For Creators. This Startup
Wants To Change That
The Height Of Now: Nine Extraordinary New Homes Around The
World
