Mamdani’s credit check ban to backfire, trapping renters into even higher rents, broker says

Mayor Zohran Mamdani says he wants to lighten the load on New York City renters. A veteran Manhattan broker says the mayor’s newest idea will do the opposite. The proposal, part of Mamdani’s 23-point “Rental Ripoff Report” released Thursday, would...

Mayor Zohran Mamdani says he wants to lighten the load on New York City renters. A veteran Manhattan broker says the mayor’s newest idea will do the opposite. The proposal, part of Mamdani’s 23-point “Rental Ripoff Report” released Thursday, would stop landlords from requiring both a credit check and proof of income from applicants, forcing...