(Chris Wade, The Center Square) A New York City board that sets the rent for city-subsidized apartments has fulfilled a key campaign pledge of Mayor Zohran Mamdani to freeze rents, drawing outrage from the city’s landlords.
The New York City Rent Guidelines Board voted 7-1 Thursday night to set a two year rent freeze for one-year and two-year leases or subsidized housing. The move, which goes into effect Oct. 1, affects more than 1 million tenants in taxpayer-subsidized apartments across the city.
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