Story · New York City
A New Lawsuit Against New York’s Rent Freeze
The article reports on a new lawsuit filed by property owners against New York City's Rent Guidelines Board (RGB) decision to impose a 0% rent increase on rent-stabilized units. The plaintiffs, represented by former First Deputy Mayor Randy Mastro, argue the freeze is arbitrary and unlawful, as the RGB's own data shows landlords' expenses rose 5.3% in the past year, requiring increases of 3.4% to 4.8% to maintain net operating income. The article also covers a hate crime incident where an Asian man and a Jewish man were stabbed near a synagogue, with the assailant yelling 'Allahu Akbar.' It notes that hate crimes in NYC rose 69% in 2023, with over half targeting Jews, and calls for a law-and-order solution.
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