Mamdani's Rent Freeze Goes to Court
A lawsuit has been filed in a Staten Island state court challenging New York City's rent freeze for rent-stabilized units, imposed by the Rent Guidelines Board (RGB) after Mayor Zohran Mamdani appointed a majority of members who fulfilled his campaign promise. The complaint, filed by property owners represented by former First Deputy Mayor Randy Mastro, argues the RGB's 0% increase decision was arbitrary, capricious, and procedurally unlawful. It notes that the RGB's own Price Index of Operating Costs showed landlords' expenses rose 5.3%, requiring increases of 3.4% on one-year and 4.8% on two-year leases to maintain net operating income. The lawsuit contends the RGB ignored statutory factors like operating costs and taxes, focusing solely on tenants' ability to pay, which would effectively read other legal requirements out of the city's Administrative Code.
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