NYC board opens door to Mamdani rent freeze, but also leaves rent hikes on the table in preliminary vote

Will it be a freeze or a squeeze?

The New York City Rent Guidelines Board advanced preliminary rent ranges on Thursday evening that could allow a freeze for the city’s more than 2 million rent-stabilized tenants — but left open the possibility of another increase, setting up a June vote that will test Mayor Zohran Mamdani’s central campaign promise.