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No one should be surprised that New York’s Rent Guidelines Board has adopted the rent freeze for 960,000 “rent-stabilized” apartments in the city, including the first-ever two-year zero rent increase. Mayor Zohran Mamdani made the freeze his signature campaign issue and has appointed six of the nine members of the board. The lone landlord on the board resigned prior to Thursday’s freeze announcement, saying that “theater” had replaced the data analysis of income and expenses that the board is supposed to employ.
