Mamdani Promised to Freeze the Rent. Now the Fight Begins.
New York City Mayor Zohran Mamdani's plan to freeze rent increases for nearly one million rent-stabilized apartments is set to begin with a meeting of the Rent Guidelines Board. The board will weigh the interests of renters and landlords, with a final vote expected in May or June.
The Rent Guidelines Board meets Thursday to consider a rent freeze. Mayor Zohran Mamdani appointed six of the nine members. The board will hear testimony from landlords, tenants, and housing researchers. They will consider the city's growing unaffordability for renters. The real estate industry has accused the mayor of seeking undue influence. A rent freeze could affect over 40% of New York City's rental apartments.
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