Source: Bloomberg
“New York City Mayor Zohran Mamdani announced six new appointments to the Rent Guidelines Board, a nine-member panel tasked with governing rent-stabilized units. Mamdani said in a statement Wednesday that the newly composed board will ‘take a clear-eyed look at the complex housing landscape and the realities facing our city’s two million rent-stabilized tenants, and help us move closer to a fairer, more affordable New York.’ The new Mayor is seeking to fulfill one of his signature campaign promises to freeze rents on the city’s 1 million rent-regulated apartments. Landlords and business groups have contended that, despite rising rents on price-stabilized units, rental income isn’t keeping pace with faster inflation and escalating expenses.” (02/18/26)