New York City Renters Get a Break: Rent Board Freezes Rates on 1 Million Apartments In a move that fulfills a long-held promise, the New York City Rent Guidelines Board has voted to freeze rent increases for over 1 million apartments across the city. This decision, championed by Mayor Eric Adams and his Housing Commissioner, Jessica Walker, aims to provide much-needed relief to tenants struggling with the rising cost of living in NYC. The rent freeze, which applies to apartments subject to the Rent Stabilization Law, will prevent landlords from raising rents for at least the next 12 months, offering a welcome respite for residents who have been facing skyrocketing housing costs. As the city continues to grapple with the affordability crisis, this move is seen as a crucial step towards making housing more accessible to low- and middle-income New Yorkers.
Rent board fulfills Mamdani’s vow to freeze the rent on 1 million NYC apartments CNN
