Mamdani proposes a rent freeze for all stabilized tenants in New York City, stating that current landlords are financially secure. His plan includes using resources to increase housing availability and reduce rent expenses. He criticizes the Rent Guidelines Board for frequent rent increases under Mayor Adams and indicates his intention to replace board members. Despite his bold proposal, critics like Mark Cuban and Emily Hamilton warn that a rent freeze may worsen the housing crisis and negatively impact housing quality in the city.
"As Mayor, Zohran will immediately freeze the rent for all stabilized tenants, and use every available resource to build the housing New Yorkers need and bring down the rent."
"Rent freezes have happened before. [Former NYC mayor] De Blasio's board did it three times - I would do the same every year, only appointing those who understand that landlords are doing just fine."
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