In a closely watched decision that could have far-reaching implications for New York City's renters, a proposed rent freeze is set to face its first test under the city's new mayor, Eric Adams. A majority of the rent guidelines board, led by its chair, Steve Cohn, has signaled support for the freeze, but the vote is far from a done deal. Critics of the proposal, including landlord groups and some city officials, argue that it would drive up construction costs, exacerbate the city's affordable housing shortage, and lead to increased evictions. As the board prepares to cast its votes, advocates for renters are holding their breath, hoping that the new board will prioritize the needs of tenants over those of landlords.
Rent freeze no sure thing in first vote by Mamdani-majority board Brooklyn Eagle
