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

Source: New York Post

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.