Mamdani-shaped Rent Guidelines Board holds preliminary vote tonight on rent freeze vs. increases

NYC Rent Guidelines Board preliminary vote scheduled 7 PM May 7, 2026 at LaGuardia Performing Arts Center. New 9-member board reshaped by Mamdani — six appointees including chair Chantella Mitchell — will set the range for lease adjustments on roughly 1 million rent-stabilized units (Oct 2026 - Sept 2027). A 0% range would deliver Mamdani's signature "freeze the rent" pledge in its first formal test. Final vote scheduled June 25. Per RGB staff reports, landlord net operating income rose 6.2% (2023-2024); rent-stabilized tenants pay ~29% of $60K median income on rent.

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