“Freeze the rent” became one of the mainstays of Zohran Mamdani’s mayoral campaign.
Now it’s happening.
On Thursday night, the Rent Guidelines Board, in a 7-1 vote, passed a rent freeze for roughly one million regulated units in the city.
“This is a historic victory for New York City tenants. 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,” Mamdani said in a release after the vote.
“This is the relief that working people across our city deserve.”
What happens next? Here’s what to know.
Is My Apartment Rent Stabilized?
Now that the voting is done, tenants want to know: what should we expect?
First, rent is frozen for specific apartments that are considered rent-stabilized.
You can file a form to see if your apartment falls under that category. The website says notices will be sent to the address within 20 business days.
What Happens Next If My Apartment Is Rent Stabilized?
The freeze begins for leases that are started on or after Oct. 1, and on or before Sept. 30, 2027.
It will apply to both 1- and 2-year leases. That means, if you’re resigning for a lease between those dates, the apartment will fall under the rent freeze.
The hope is to provide some relief for tenants, who have been slammed by housing costs in New York City.
Reporting by Amethyst Martinez, USA TODAY NETWORK / USA TODAY Network via Reuters Connect
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