NYC Rent Guidelines Board held its preliminary vote on May 7, 2026, setting a range of 0-2% for one-year leases and 0-4% for two-year leases. Mayor Mamdani campaigned on a 4-year rent freeze, but his own board-appointed majority didn’t deliver it. The final binding vote is June 25, 2026, affecting roughly 1 million rent-stabilized apartments.
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