The board took the unprecedented step of freezing rents on both one- and two-year lease renewals, fulfilling one of new Mayor Zohran Mamdani’s key campaign promises.
Tenants erupted into cheers when the motion passed inside a packed Museo del Barrio in East Harlem. “I kept saying, just like the Knicks won the championship, let’s make history…
“For working-class families, seniors, people with disabilities, and fixed-income New Yorkers, those yearly increases can slowly erode the very stability affordable housing is supposed to provide.”
“If New York City truly values affordable housing, it must also value the economic sustainability of the buildings and small owners providing that housing.”
Both inside and outside the Rent Guidelines Board’s public hearing Thursday, tenants and landlords shouted, booed, and jeered at each other in almost equal measure over future rents for regulated…
“The core problem with New York’s housing affordability is not, at its heart, a rent regulation problem. It is a divergence problem. Rents for existing affordable units have become increasingly…
