Rent increases on stabilized units took effect this week. Tenants and mayoral hopeful Zohran Mamdani rallied to protest the change, which they hope will be the last for four years.
“We absolutely should weed out exploitative landlords, but we also need policies that support responsible owners. Otherwise, small landlords give up, banks take over, and buildings end up owned by…
Zohran Mamdani has ambitious goals for making housing affordable. Officials from the past two mayoral administrations say making those plans a reality will take tremendous management and strong relationships with…
“Tenants are the majority in New York. Zohran Mamdani understands that and he gave us something to vote for,” Cea Weaver, director of the New York State Tenant Bloc, said…
“It’s clear that this system can’t be salvaged with iterative tweaks. It needs political courage and bold reforms that will reboot the housing market.”
The board, which votes each year on rent changes for New York City’s nearly 1 million regulated apartments, is now considering an increase between 3.75 (down from 4.75) to 7.75…