BREAKING: Rent Guidelines Board votes to freeze the rent, fulfilling Mamdani campaign promise

The New York City Rent Guidelines Board voted to freeze rents for rent-stabilized apartments for one and two-year leases, affecting over 1 million units. The 7-1 decision fulfills Mayor Mamdani’s campaign promise, with owner representative Maksim Wynn joining the majority after initial opposition, while property owner groups criticized the move.