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NYC's Rent Guidelines Board votes to approve potential rent freeze on 1M apartments as landlords rip 'reckless and irresponsible' move

New York Post·Hannah Fierick, Zoe Hussain·25 days ago
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Members of the city’s Rent Guidelines Board signaled they’d potentially freeze the rent on New York City’s nearly one million rent-stabilized apartments during a preliminary vote Thursday. The move by the board — which is packed with socialist Mayor Zohran Mamdani allies — was made after repeated warnings from landlords that the lefty mayor’s “freeze the rent” campaign would put them in a pinch. The nine-person Rent Guidelines Board, which has six of Hizzoner’s personal picks, supported an increase of between 0% and 2% on one-year leases, and 0% and 4% increase on two-year leases for rent-stabilized apartments. A final vote to decide the fate of the city’s rent-stabilized units will be held over the summer. The Rent Guidelines Board, which has six of Hizzoner’s personal picks, supported an increase of between 0 and 2% on one-year leases, and 0 and 4% on two-year leases for rent-stabilized apartments.…

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