00:00New York City's Rent Guidelines Board has approved the city's first ever two-year rent freeze for
00:05roughly one million rent-stabilized apartments, delivering one of Mayor Zoran Mamdani's signature
00:11campaign promises. The board voted seven to one, meaning eligible tenants renewing one- or two-year
00:17leases won't see rent increases under the new guidelines. Tenant advocates celebrated the
00:23decision as major relief during the city's affordability crisis, while landlord groups
00:28argued rising maintenance, insurance, and operating costs could make it harder to maintain
00:33buildings. The historic vote marks a dramatic shift in New York's housing policy and one of
00:38the biggest victories of Mamdani's young administration.
