NYC Panel Approves Rent Increases, a Key Issue for Mamdani and Adams

The Rent Guidelines Board approved increases of at least 3 percent for New York City’s one million rent-stabilized apartments, rejecting the call for a rent freeze that helped Assemblyman Zohran Mamdani surge to the lead in the Democratic mayoral primary last week.

Mayor Eric Adams, who appointed the members of the board, has supported rent increases for rent-stabilized apartments every year since he took office. Mr. Mamdani, likely to be the Democratic nominee facing him in the general election in November, has promised not to do the same if he becomes mayor.

As the city faces linked affordability and housing crises, the contrast between Mr. Mamdani and Mr. Adams added a new layer of tension to the board’s decision.

On Monday night, the board, in a 5-to-4 vote, approved 3 percent increases for one-year leases and 4.5 percent increases for two-year leases. The votes against the increases came from the two members on the board representing landlords, who had wanted higher increases, and the two members representing tenants, who wanted a rent freeze.

Any increases would apply to leases beginning in or after October.

As in past years, the discourse around the vote reflects the rift between pro-renter and pro-landlord political interests in New York City. At the meeting on Monday, held in a theater at El Museo del Barrio in East Harlem, renters and tenant advocates chanted “Freeze the rent” and waved colorful signs that read “Stop real estate greed” and “Tenants vote.”

But the board’s decision is also providing an opportunity for Mr. Mamdani and Mr. Adams to distinguish themselves from each other at a time when making the city a more affordable place to live is a key issue driving the election.