Board OKs Rent Freeze for Stabilized Housing

Board OKs rent freeze for stabilized housing

New York City’s nearly one million rent-stabilized apartments will see no increase on one- or two-year leases for two years.The city Rent Guidelines Board voted June 25 to freeze rents for rent-stabilized apartments and lofts, marking the first time in…

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 will not see a rent increase on any one- or two-year leases set to be renewed between October 1, 2026, and September 30, 2027. On June 25, the New York City Rent Guidelines Board (RGB) approved a first-ever rent freeze for the city’s rent-stabilized leases. Tenants say the 7-1 vote for a 0% increase will help th…

POLITICS: NYC’s rent-freeze hurts landlords: Letters

The Issue: The Rent Guideline Board’s rent freeze on one- and two-year leases for rent-stabilized apartments. Apartments represent a significant source of wealth production for their owners (“Mamdani’s Rent Surprise,” Editorial, June 27). Forcing owners of rent-controlled units to absorb inflationary costs for salaries, maintenance, fuel and insurance represents an uncompensated “taking” of owners’ equity and property value. It reduces the abili…

New York City Mayor Zohran Mamdani’s rent crusade might be coming to your city

New York City Mayor Zohran Mamdani has delivered the rent freeze he promised voters last year. The measure approved last week will cover more than 2 million tenants across the city — and the movement is spreading beyond the Big Apple. Activists in Massachusetts, in California and elsewhere are pushing for rent control while getting stiff pushback from landlord groups.‘Grassroots support’A “national rent-control movement is rising up,” said Patri…

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.

The Confiscation by Attrition: Why Mamdani’s Rent Freeze Will Destroy New York’s Housing Market

By artificially freezing the revenue of private property owners while the costs of operating those properties skyrocket, Mamdani has initiated a slow-motion collapse of the rental market.