A group of six New York City property owners is challenging New York City Mayor Zohran Kwame Mamdani's rent freeze in court, questioning the process used by the city's Rent Guidelines Board to approve the policy.
Kenny Burgos, CEO of the New York Apartment Association, told Fox Business on Thursday that his organization, which represents thousands of rent-stabilized landlords, is not a party to the lawsuit but believes the case raises questions about how the board reached its decision.
The Rent Guidelines Board voted 7-1 in June to freeze rent increases on one- and two-year leases covering roughly one million rent-stabilized apartments, delivering on one of Mamdani's signature campaign promises.
A rent freeze means landlords cannot raise rents on affected apartments for leases covered by the policy during the freeze period.
Board Process Questioned Burgos said Mamdani had been open about wanting a rent freeze since his campaign and later appointed six members to the Rent Guidelines Board.
