NYC Approves Rent Increases Despite Calls for Freeze
TL;DR Summary
The NYC Rent Guidelines Board approved a 3% rent increase for stabilized apartments, rejecting calls for a rent freeze, amidst political tensions between Mayor Adams, who supports increases, and challenger Mamdani, who advocates for rent freezes to address affordability issues. The decision highlights the ongoing debate over housing affordability and political influence in rent regulation.
- NYC Panel Approves Rent Increases, a Key Issue for Mamdani and Adams The New York Times
- NYC apartment rent hikes: Rent Guidelines Board ignores calls for rent freeze, approves 3% rent increase on 1-year leases ABC7 New York
- NYC residents in rent-stabilized apartments hit with increases of 3-4.5 percent New York Daily News
- NYC Rent Guidelines Board votes for 4.5% increase on 2-year leases, 3% on 1-year leases CBS News
- Amid Mamdani’s call for rent freeze, NYC board approves up to 4.5% hike Gothamist
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