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New York City freezes rents for one million apartments in Mayor Mamdani victory

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New York City freezes rents for one million apartments in Mayor Mamdani victory

New York City's housing board has voted to freeze rents for one million regulated apartments for up to two years, a key promise of Mayor Mamdani. Read more at straitstimes.com. Read more at straitstimes.com.

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New York City freezes rents for one million apartments in Mayor Mamdani victorySign up now: Get ST's newsletters delivered to your inboxHundreds of tenants who crowded into a Manhattan museum auditorium cheered and blew whistles at the result. PHOTO: REUTERSPublished Jun 26, 2026, 09:36 AMUpdated Jun 26, 2026, 09:36 AMSet as preferred sourceNEW YORK - A New York City housing board voted on June 25 to freeze the rents for about one million regulated apartments for up to two years, fulfilling a central campaign promise of Mayor Zohran Mamdani only months into his term.The 7-1 vote by the city’s Rent Guidelines Board set increases at zero on both one-year and two-year leases from October.

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