Mamdani’s rent freeze passes for 1 million units

Summary

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.…