Tonight, Mayor Zohran Kwame Mamdani released the following statement on the Rent Guidelines Board’s vote to set a preliminary range for rent adjustments on rent-stabilized leases:
“New Yorkers are being crushed by the cost of living, and they need real relief. I’m encouraged to see the Board taking seriously the data around affordability, operating expenses, and the pressures facing both tenants and small property owners as it sets this preliminary range.
As the RGB begins its public hearings, tenants, owners, and New Yorkers from every borough should make their voices heard and speak directly to what this housing crisis looks like in their lives. I’m confident the Board will weigh those perspectives carefully and arrive at a decision later this summer that reflects the urgency of this moment.”
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