New York halts rent hikes on million units

New York City Housing Council votes to freeze rent on nearly two million regulated apartments for up to two years, in response to a campaign pledge by Mayor Zoran Mamedani. The vote passed with seven in favor and one against, resulting in a second consecutive year without rent increases, amid celebrations by tenants and objections from landlords. This decision is considered a victory for tenants and reflects Mamedani’s broader efforts to strengthen housing rights in the city.

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