It’s official: New York City is getting a rent freeze

New York City freezes rents for one million regulated apartments

New York City's rent freeze fulfillls a key campaign promise from Mayor Zohran Mamdani

Congratulations On Your Rent Freeze, Rent-Stabilized New Yorkers!

'Cause everything is rent?

As a rent freeze looms, rent-stabilized landlords feel the pain: “Fighting to stay alive”

New York City is set to vote on a rent freeze for stabilized apartments Thursday. For rent-stabilized landlords, it’s just another grievance on the pile. After rising insurance costs, water bills, property taxes and a statewide legislation that cratered the value of their buildings, what’s a revenue cap? “We are literally fighting to stay alive,” said Jerry Waxenberg, who owns 900 units across several boroughs. “We are running a negative cash flow.” Landlords say the real trouble started in 2019 with the Housing Stability and Tenant Protection Act of 2019. The law closed avenues for landlords to increase the rent []This article originally appeared on The Real Deal. Click here to read the full story.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New York City Has Tried Rent Freezes Before. Here's How They Ended.

New York City Rent Guidelines Board to vote on possible 2-year freeze

New York City Rent Guidelines Board to vote on possible 2-year freeze

Mamdani’s rent freeze leaves half of New Yorkers out in the cold

In New York City, a rent freeze doesn’t stop the housing crisis — it just shifts costs onto someone else. Roughly half of the city’s rental apartments are rent-stabilized, giving the Rent Guidelines Board enormous influence over the housing market. New York City Mayor Zohran Mamdani has made that power a political priority, pouring 54 []

New York City freezes rents as Mamdani’s socialist vision takes shape

New York City housing authority voted Thursday to freeze rents for up to two years. The Rent Guidelines Board passed the rules in a 7-1 vote, and they will impact about one million rent-controlled apartments for tenants with one-year or two-year leases, Reuters reported. Mayor Zohran Mamdani, who has vowed to enact socialist policies in []...Click to read more

STEVE FORBES: Mamdani’s socialist rent-control puts New York on the road to housing ruin

New York City rent freeze on 1 million rent-stabilized apartments is price control, not housing policy. It will reduce supply and hurt tenants.

Rent Guidelines Board Vote Sends New York’s Landlords Into Uncharted Territory

With the recent 7-1 vote by the New York City Rent Guidelines Board (RGB) to freeze rents for both one- and two-year leases on rent-stabilized apartments in the city, two things seem likely. The first is that, from offering free child care to freezing the rents, New York City Mayor Zohran Mamdani seems determined to []

Mamdani's rent freeze passes for 1 million units

New York City's Rent Guidelines Board on Thursday approved Mayor Zohran Mamdani's (D) two-year rent freeze proposal for 1 million rent-stabilized apartments. The 7-1 decision by the independent board, consisting of mayoral appointees, applies to rent-stabilized apartments in buildings constructed before 1974 and buildings with certain tax breaks. The rent freeze goes into effect starting Oct....

NYC rent freeze passes in huge win for Mamdani

The NYC Rent Guidelines Board approved a rent freeze for the city’s one million rent stabilized units on Thursday — in a major win for Mayor Mamdani. The freeze marks the first complete fulfillment of one of Mamdani’s core campaign promises...

New York City Board Approves Mayor Mamdani’s Rent Freeze: Here’s What We Know

On June 25, New York City Mayor Zohran Mamdani fulfilled another promise on his list of goals since stepping into office in January: tackling the city’s affordability crisis by issuing a city-wide rent freeze. Tuesday night, the New York Rent Guidelines Board voted to freeze rents for both one-year and two-year leases for residents living []

Rent Freeze Approved On All Stabilized Leases, Delivering On Mamdani Pledge

New York City's Rent Guidelines Board on Thursday night voted to freeze rents on one- and two-year leases in the city's 1 million rent-stabilized apartments, fulfilling a key campaign promise for Mayor Zohran Mamdani.

Rent Guidelines Board grants rent freeze, but landlords warn of housing distress

Rent-stabilized tenants are praising Mayor Zohran Mamdani: Just as promised, tenants living in New York City’s 2.3 million rental units. The post Rent Guidelines Board grants rent freeze, but landlords warn of housing distress appeared first on New York Amsterdam News.

New York City passes rent freeze, in line with Mamdani campaign promise

NEW YORK — A city board voted Thursday to freeze rents for up to two years for about 1 million rent-stabilized apartments, delivering on a key piece of Mayor Zohran Mamdani’s agenda while rattling the real estate industry. After months of hearings that included public and expert testimony, the Rent Guidelines Board handed down its []

New York City freezes rents for 1 million flats in win for Mamdani

A New York City housing board voted on Thursday to freeze the rents for about one million regulated flats for up to two years, fulfilling a central campaign promise of Mayor Zohran Mamdani only months into his term. The 7-1 vote by the city’s Rent Guidelines Board set increases at zero on both one-year and two-year leases from October. Hundreds ‌of tenants who crowded into a Manhattan museum auditorium cheered and blew whistles at the result. “This is a historic victory for New York City...

Mamdani Secures Rent Freeze for One Million New York Apartments

A New York City housing board appointed by mayor Zohran Mamdani has approved a rent freeze that will affect around a million homes. The Rent Guidelines Board on Thursday voted 7-1 for a 0 increase on one-year and two-year leases in the city’s rent-stabilised apartments.​ Mamdani appointed the majority of the board’s members in early []

NYC set to freeze rents as critics warn of crumbling buildings and bankrupt landlords

New York City Mayor Zohran Mamdani promised a rent freeze for people living in 1 million apartments if he got elected

Barcelona’s costly gamble: a ban built on a bluff

The City Council capped short-term rental licences in 2014. Rents still rose up to 70 percent. So what's actually driving unaffordability?

NYC Rent Guidelines Board Approves Mamdani’s Rent Freeze

Next they'll complain when the buildings start to rot and landlords cannot make even the simple repairs. Have fun. The post NYC Rent Guidelines Board Approves Mamdani’s Rent Freeze first appeared on Le·gal In·sur·rec·tion.

New York City’s Rent Freeze: Who Benefits, and What’s Next?

Mayor Mamdani’s rent freeze will bring relief to many, but it doesn’t disrupt a housing system built on profit and tenant exploitation. We need to organize for a socialist housing solution. The post New York City’s Rent Freeze: Who Benefits, and What’s Next? appeared first on Left Voice.

Mamdani celebrates rent freeze for stabilized housing as board member quits, blasts vote process

New York City Mayor Zohran Mamdani hailed the New York City Rent Guidelines Board's move to freeze the rent on rent stabilized apartments.

Win for New York Mayor as panel votes to freeze rents for a million apartments

Win for New York Mayor as panel votes to freeze rents for a million apartments

Mamdani lives up to campaign promise, freezing rent for about 1 million New Yorkers

The New York City Mayor called the decision “a historic victory for New York City tenants.”

Mamdani’s Rent Freeze Is Just One Piece Of The Socialist Puzzle

New York City’s Democratic socialist Mayor Zohran Mamdani pushed ahead with his promised rent freeze on Thursday — but that could just be the setup for a far more dramatic move. Mamdani’s new rent freeze could be setting landlords up to fail — and creating a stash of new “city” properties on which to build. ...

ADDIS ABEBA WAITS ON A RENT CEILING

Addis Abeba’s renters and property owners are waiting on a city government decision that will set how far rents can rise under a two-year-old control...