New York City’s Rent Guidelines Board voted to set a 0% to 2% range for rent increases for roughly one million stabilized apartments, putting Mayor
The nine-member panel approved the preliminary range for one-year leases Thursday and set a range of 0% to 4% for two-year leases. The initial vote doesn’t set rents. A final decision will be made in June by the board, which will choose one percentage within the range as the limit for rent hikes.
Mamdani’s focus on rents helped launch the 34-year-old Democratic socialist to City Hall in November ...