Eric Adams Could Blow Up Zohran Mamdani's Ability to Freeze the Rent
Briefly

Eric Adams Could Blow Up Zohran Mamdani's Ability to Freeze the Rent
"Currently, six of the nine are serving under expired terms, allowing Adams to either simply reappoint them or name other members who would be even less disposed to Mamdani's rent freeze. (A seventh member has a term that expires at the end of the year.) With terms lasting between two and four years, Adams may be able to stop Mamdani from fulfilling his campaign promise for the first several years of his administration."
"Freezing the rent is the plank of Mamdani's platform that many policy experts thought to be the most achievable. He has called for free bus fare, but that requires approval from the Metropolitan Transit Authority. He has called for free child care for children up to 5 years old, but that would likely require a massive tax hike that Governor Kathy Hochul has pledged to resist."
Zohran Mamdani centers his mayoral platform on freezing rents for more than one million rent-stabilized apartments. More than two million New Yorkers live in rent-stabilized units, and the Rent Guidelines Board, whose members are appointed by the mayor, sets monthly rents. Six of nine board members are serving under expired terms, and with terms lasting two to four years, a mayoral appointee could prevent an incoming mayor from implementing a rent freeze for years. Major real-estate players have pushed to pack the board, and Adams has so far declined to replace members. Other policy proposals face separate institutional or fiscal obstacles.
Read at Intelligencer
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