With New York City grappling with a housing and affordability crisis, the Rent Guidelines Board is set to vote on June 27 regarding rent increases for rent-stabilized buildings. This decision could raise rents for approximately 2.4 million tenants or implement a rent freeze. Historically, the RGB under Mayor Eric Adams has favored rent increases, contrasting with previous administrations. A recent poll reveals that a significant majority of New Yorkers support freezing rents, indicating a pressing need for sustainable housing solutions amid rising living costs.
The RGB under Mayor Eric Adams has voted to increase rents each year of his tenure, totaling a 9% increase over the past three years.
An April 2025 survey by the left-leaning think tank Data for Progress showed that 78% of likely New York City voters support a rent freeze.
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