New York City freezes rents for one million regulated apartments

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.

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

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 []

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.

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

Board freezes rent on 1 and 2-year leases for NYC's 1 million rent-regulated apartments

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

'Cause everything is rent?

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 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....

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 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’s Rent Freeze Is Approved by New York City Board

A New York City panel voted on Thursday to freeze rents for nearly one million rent-stabilized apartments, fulfilling one of Mayor Zohran Mamdani’s key campaign promises and handing the mayor a major policy win six months into his tenure. The nine-member panel, known as the Rent Guidelines Board, voted to approve the freeze on both []

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 []

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

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 []