New York freezes rents for almost one million homes in political success for Mayor Mamdani
The Democratic mayor had made this measure a campaign pledge ahead of his election last November.
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A person wears a hat that reads 'Freeze the rent!' as people attend a rally outside of El Museo Del Barrio, in New York City, US, June 25, 2026. DAVID DEE DELGADO / REUTERS New York, which has some of the priciest rents in America, voted to freeze rents for some properties subject to rent stabilization by the city, media reported Thursday, June 25, in a win for leftist Mayor Zohran Mamdani. Nearly a million properties in the Big Apple subject to so-called "rent stabilization" will not see their rents hiked, delivering on a campaign promise made by Mamdani, who identifies as a Democratic socialist. A preliminary vote in May by the rent guidelines panel had endorsed Mamdani's plan to effectively freeze rents on nearly one million New York apartments.
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