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, which includes individuals appointed by the mayor, applies to rent-stabilized apartments in buildings constructed before 1974 and certain tax-exempt buildings. Rent ban will be effective from October…

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