New York City has officially approved Mayor Zohran Mamdani’s rent freeze, preventing rent increases on nearly one million rent-stabilized apartments.

New York City has officially approved Mayor Zohran Mamdani’s rent freeze, preventing rent increases on nearly one million rent-stabilized apartments. The measure impacts roughly 40% of the city’s apartments, keeping rents unchanged for eligible one- and two-year lease renewals. 🏙️🗽