A report from the Rent Guidelines Board, which sets allowable rent increases for stabilized units in the city, showed that landlord net income was up—but not as much as last year.
The “rent freeze” rhetoric that dominated the housing debate during last year’s mayoral race was absent from yesterday’s subdued first meeting of the Rent Guidelines Board.
Mayor Zohran Mamdani has called on the board, which sets allowable rent increases for the city’s roughly 1 million rent stabilized units each year, to freeze the rent for four years, citing the housing affordability crisis.
In a video posted to social media Thursday, Mamdani painted the RGB process as a board game, telling tenants how they can get involved at different stages of the process…