- Mayor Zohran Mamdani’s appointees on the Rent Guidelines Board are set to freeze rents for about 1 million rent‑stabilized apartments, affecting roughly 2 million New Yorkers as a major cost‑of‑living move.
- Landlord groups warn the freeze could squeeze owners’ ability to afford maintenance and spur foreclosures or bankruptcies; a legal challenge is expected and a landlord representative resigned in protest.
- The decision is a political win for Mamdani — he quickly packed the board with allies and recently boosted his clout by helping three endorsed congressional candidates pull off upset victories.
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