#rent-freeze

#rent-freeze

Eric Adams is considering appointing new members to the Rent Guidelines Board before his term expires, which could make it harder for frontrunner Zohran Mamdani to fulfill his promise to freeze rent for the city's 2 million stabilized tenants. If Adams makes those appointments, it would leave the board split, sources say. Democratic nominee Zohran Mamdani's promise to "freeze the rent" for the city's 2 million rent stabilized tenants has captured the race for mayor, and won him support of many New Yorkers

If you freeze rents for current rent-stabilized tenants, then there will be a significant domino effect that results in higher rents for neighboring free market tenants.

Landlords need yet another rent hike even after landlord profits have surged for two years in a row.

Blake emphasized the importance of addressing the affordability crisis with a rent freeze while supporting small property owners via mechanisms like a vacancy tax.