New York City Rent Guidelines Board and Rent Adjustments
The New York City Rent Guidelines Board (RGB) advanced preliminary rent ranges of 0-2% for one-year leases and 0-4% for two-year leases on May 30, 2026, with a final vote scheduled for June 25, 2026. As of May 30, 2026: Mayor Zohran Mamdani appointed Chantella Mitchell as the new Chair of the board, which he had previously "stacked" with six new members on February 18, 2026, to fulfill his campaign promise of a rent freeze. The Mamdani administration also announced on May 29, 2026, that some financially distressed landlords may be eligible for a one-time rent increase on certain vacant units within the city's subsidized portfolio, potentially affecting about one-third of rent-stabilized units. The board is considering affordability data for leases beginning October 1, 2026.
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May 2026 — 4 developments
The Rent Guidelines Board advanced preliminary rent ranges of 0-2% for one-year leases and 0-4% for two-year leases, with a final vote scheduled for June 25, 2026.
The Rent Guidelines Board advanced preliminary rent ranges of 0-2% for one-year leases and 0-4% for two-year leases, with a final vote scheduled for June 25, 2026. Mayor Zohran Mamdani appointed Chantella Mitchell as the new Chair of the board.
The Mamdani administration announced that some financially distressed landlords may be eligible for …
The Mamdani administration announced that some financially distressed landlords may be eligible for a one-time rent increase on certain vacant units, even if a rent freeze is enacted. This exemption would apply to properties within the city's subsidized portfolio, potentially affecting about one-third of rent-stabilized units.
The New York City Rent Guidelines Board advanced a preliminary range of rent adjustments on May 7, 2026, including the possibility of no increase for rent-stabilized tenants.
The New York City Rent Guidelines Board advanced a preliminary range of rent adjustments on May 7, 2026, including the possibility of no increase for rent-stabilized tenants. A final vote on rent adjustments for leases beginning October 1, 2026, is scheduled for June 25, 2026.
The New York City Rent Guidelines Board has advanced a preliminary range of rent adjustments, including a potential 0% increase for one-year leases on rent-stabilized apartments.
The New York City Rent Guidelines Board has advanced a preliminary range of rent adjustments, including a potential 0% increase for one-year leases on rent-stabilized apartments. This vote moves closer to Mayor Zohran Mamdani's campaign promise of a rent freeze. The board is considering affordability data, with tenant advocacy groups supporting a rent freeze.
February 2026 — 2 developments
New York City Mayor Zohran Kwame Mamdani appointed six new members to the Rent Guidelines Board (RGB), establishing a majority on the nine-member panel.
New York City Mayor Zohran Kwame Mamdani appointed six new members to the Rent Guidelines Board (RGB), establishing a majority on the nine-member panel. This action is seen as a step towards fulfilling his campaign promise to freeze rents for approximately one million rent-stabilized apartments. The board is scheduled to gather data and hold hearings in the spring of 2026, with a vote on rent adjustments for leases between October 1, 2026, and September 30, 2027, anticipated in June 2026. According to the New York Post, this move has been characterized as "stacking" the board with "likeminded lefty appointees."
Mayor Zohran Mamdani has launched 'Organize NYC,' an initiative to increase public participation in Rent Guidelines Board (RGB) hearings.
Mayor Zohran Mamdani has launched 'Organize NYC,' an initiative to increase public participation in Rent Guidelines Board (RGB) hearings. Chantella Mitchell has been named the new Chair of the RGB, which now has a majority of members appointed by Mamdani, moving closer to his campaign promise of a rent freeze for rent-stabilized apartments.