Landlord Rent Board Rep Resigns, Protesting Mandate to ‘Deliver a Rent Freeze’

A pro-landlord member of the Rent Guidelines Board resigned, criticizing the process of determining a rent freeze as predetermined. The board, required to consider landlords' costs and data, faces pressure from Mayor Zohran Mamdani's campaign promise to freeze rents for 1 million rent-stabilized apartments. The board is considering 0-2% increases for one-year leases and 0-4% for two-year leases.