New York votes to freeze rents for some homes in win for mayor
New York, which has some of the priciest rents in America, voted to freeze rents for some properties subject to rent stabilization by the city, media reported in a win for leftist Mayor Zohran Mamdani.
Nearly a million properties in the Big Apple subject to so-called "rent stabilization" will not see their rents hiked, delivering on a campaign promise made by Mamdani, who identifies as a Democratic socialist.
A preliminary vote in May by the rent guidelines panel had endorsed Mamdani's plan to effectively freeze rents on nearly one million New York apartments.
The freeze was approved after a meeting that was attended by a strong showing of tenant groups, the New York Post reported.
