Mamdani delivers promised rent freeze on 1 million rent-stabilized apartments

[BumRushDaShow]

Source: Politico

06/25/2026 08:02 PM EDT


NEW YORK — Mayor Zohran Mamdani got another major win Thursday night when the Rent Guidelines Board voted to freeze rents on the city’s roughly 1 million rent-stabilized apartments. The mayor-appointed panel voted 7-1 to freeze rents on both one- and two-year leases, an unprecedented move that came despite protests from landlords that it would push them into deeper financial straits.

The freeze, which will cover some 2 million tenants, will take effect for leases signed starting in October. “This is a historic victory for New York City tenants,” Mamdani said in a statement after the vote. “After reviewing the data and hearing from New Yorkers across the city, the independent RGB has delivered a freeze on one-year leases, and the first-ever freeze on two- year leases in our city’s history. This is the relief that working people across our city deserve.”

It caps a triumphant week for the Democratic socialist, who scored a clean sweep in Tuesday’s primary elections. The mayor’s endorsed candidates won three congressional contests and a handful of state legislative contests, cementing his status as a political powerbroker and pushing the Democratic party further left.

Landlord groups aren’t ruling out a lawsuit against the rent freeze, which they argue flouts the data on the condition of rent-stabilized properties. And the vote comes with the typically nine-person board down one member, after landlord representative Christina Smyth resigned in protest earlier Thursday. Mamdani ran on a pledge to lower the cost of living for working-class people, and the rent freeze was a central plank of that agenda.

Read more: https://www.politico.com/news/2026/06/25/mamdani-delivers-promised-rent-freeze-00977449

[JBTaurus83]

1. Well that's something

People will see immediately in their day to day lives. Good for Mamdani and good for hard working New Yorkers. I don’t know where the rich Epstein class expects working class people to live in the city while demanding their labor and services.

[3Hotdogs]

2. As a former landlord - two four family houses, I ask, will the property taxes also be frozen for two years? Will the

price of oil be frozen to last year's price?

[JBTaurus83]

3. Good point on property taxes

They should be for mom and pop sized landlords at least. When I rented I was responsible for all of my own utilities.

[BumRushDaShow]

4. The proposed extra tax on 2nd homes above $1 million

like NY is implementing, is something that can be an offset to lesser income residential building owners/landlords' property taxes.

New York passes Mamdani’s pied-a-terre tax. Here’s who pays and how much

The equivalent in smaller cities could be deployed since it seems that builders only want to build McMansions nowadays.

[Prairie Gates]

5. Landlord associations have sunk huge cash into academic business schools

To produce their goofy "research" about rent stabilization and other topics. It's a fucking scandal. Real estate programs in business schools are pretty much paid for by banks and landlord groups. And then the impressionable students mouth the garbage research being produced by these "professors." Like they say, every accusation from the right (and the capitalists) is projection. If you want to see real indoctrination in universities, look no further than your finance and other business departments - with real estate "research" just being the most clownishly obvious of the lot.