"Housing has taken a central role in the campaign since the primary. Renters, who make up a majority of New Yorkers, have been at the center of the policy debate. Over half of New York renters are rent-burdened, meaning they pay more than 30 percent of their income in rent. "We see that, especially in the lowest income households, that is where the rent burden is the heaviest," said Chris Walters, senior land use policy associate at the Association for Neighborhood and Housing Development. "But I think this is something that transcends a lot of voters' and people's experiences in New York.""
"The mayor appoints nine members of the city's Rent Guidelines Board (RBG). Each year, its members take into account costs for landlords and incomes for renters and set the allowable rent increases for the city's 2 million rent stabilized tenants. Zohran Mamdani captured the issue early in the campaign, promising a four year rent freeze for rent-stabilized apartments-a move he said will provide relief to millions of New Yorkers who have a median income of $60,000, while finding other ways to help some rent stabilized buildings in distress because of high insurance costs and high property taxes. He says he can appoint a Rent Guidelines Board that will freeze the rent, saying that the data has justified rent freezes in the past."
Early voting is underway for New York City mayor as housing becomes a central campaign issue. Renters form a majority of New Yorkers and over half are rent-burdened, paying more than 30 percent of income in rent. The mayor appoints nine members of the Rent Guidelines Board, which sets allowable increases for roughly 2 million rent-stabilized tenants. Candidates differ on how to use that power, with proposals ranging from multi-year rent freezes to targeted support for distressed buildings facing high insurance and property tax costs. Debates focus on rent stabilization, affordable housing production, zoning reform, and NYCHA policy.
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