
A New York City board voted to freeze rents for up to two years on roughly 1 million rent-stabilized apartments, covering about 40% of the city's housing stock. The action fulfills a central campaign promise of Mayor Zohran Mamdani and ties directly to his broader housing agenda, including Int. 1-B and Int. 175-B. The freeze is likely to heighten political and economic tensions with developers and businesses responding to other contested city proposals.
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