Rent board fulfills Mamdani's vow to freeze the rent on 1 million NYC apartments

ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? One of its members, an appointee representing landlords, resigned in protest as she claimed the board's independence had been compromised.“The Rent Guidelines Board has stopped being a fact-finding body,” former board member Christina Smyth wrote in her resignation letter, which she provided to The Associated Press. While the apartments are privately owned, the city board votes each year on the maximum allowed rent increase.The board has frozen rents in the past, most recently under former Mayor Bill de Blasio, but then approved modest increases under Mamdani's predecessor, former Mayor Eric Adams.