NYC Rent Board Grants Historic Freeze on 1- and 2-Year Leases

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Source: ABC7 New York
NYC Rent Board Grants Historic Freeze on 1- and 2-Year Leases
Photo: ABC7 New York
TL;DR

New York City's Rent Guidelines Board voted 7-1 to freeze rents for both one-year and two-year leases on rent-regulated apartments, marking the first-ever two-year lease freeze. The move fulfills Mayor Zohran Mamdani's campaign pledge, drawing cheers from tenants while drawing fierce pushback from landlords who say rising costs will suffer and maintenance will be cut.

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