Tenants in about 1 million rent-stabilized apartments will not see their rents increase for the next two years after New York City’s Rent Guidelines Board approved a first-of-its-kind freeze at an annual hearing Thursday night.
The 7-1 vote marks the first two-year rent freeze in the board’s history and fulfills a key campaign pledge from Mayor Zohran Mamdani, who named six of the board’s nine members.
