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NYC Rent Board to Freeze 1M Apartments
New York City Mayor Zohran Mamdani supports a rent freeze for approximately 1 million rent-stabilized apartments, a move approved by the city's Rent Guidelines Board, which he appointed a majority of members to. The vote is expected to face a legal challenge, with critics arguing it could harm landlords and lead to deteriorating housing conditions. This action aligns with Mamdani’s broader commitments to address high housing costs in the city.
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