New York City Approves Two-Year Rent Freeze for Rent-Stabilized Apartments

The New York City Rent Guidelines Board has approved a two-year rent freeze for one million rent-stabilized apartments.The decision was passed with a 7-1 vote and is seen as a major victory for Mayor Zohran Mamdani's political campaign.The freeze will apply to buildings built before 1974 and those with certain tax breaks, starting from October 1 until September 30, 2027.