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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

NYC
New York Post Fews App News Provider
Fews App Post Time há 10h

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.

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