Rent Guidelines Board

“when the Rent Guidelines Board voted to freeze the rent on the city’s affordable housing stock of roughly 1 million apartments”

“voted 7-1 Thursday to pause rent increases for up to two years.”

“The city’s Rent Guidelines Board voted in a 7-1 decision Thursday to freeze increases on 1 million rent-stabilized apartments, delivering a key tenet of Mamdani’s affordability-focused campaign to a …”

“The freeze takes effect October 1, 2026, and runs through September 30, 2027, covering both one-year and two-year leases in rent-stabilized apartments.”

“In its 2026 report, fuel rose 11 percent, insurance rose 10.5 percent, maintenance rose 6 percent and all costs rose 5.3 percent. The “core” index, which excludes fuel oil, natural gas and steam cost…”