"New York City Mayor Zohran Kwame Mamdani has named six new appointees to the Rent Guidelines Board (RGB), aiming to balance the pressing needs of rent-stabilized tenants and the economic realities of housing in the city. The RGB, responsible for setting rent adjustments for stabilized units, has welcomed Chantella Mitchell as its new Chair. She's joined by Sina Sinai, Lauren Melodia, and Brandon Mancilla as public members, Maksim Wynn representing owners, and Adán Soltren, reappointed as a tenant representative."
"The RGB's tasks in the upcoming months are data-intensive and transparency-driven, involving the collection and publication of pertinent housing data, listening to expert testimony, and establishing preliminary rent adjustment guidelines. Additionally, public hearings across the five boroughs will be scheduled, inviting residents' participation before finalizing the adjustments effective from October 1 to September 30, 2027. Mitchell herself expresses her commitment to her new role and the Board's objectives, as reported by the Mayor's Office."
Six new appointees joined the Rent Guidelines Board, with Chantella Mitchell named Chair and representatives from public, owner, and tenant constituencies included. The board must set rent adjustments for stabilized units while evaluating housing economics, supply-demand dynamics, and tenant financial burdens. The Mayor's Office underscored the board's role amid widespread housing strain. Mitchell's experience with the New York Community Trust and HPD may support leadership. The RGB will collect and publish housing data, solicit expert testimony, hold public hearings across all five boroughs, and develop preliminary guidelines before finalizing adjustments effective from October 1 to September 30, 2027.
Read at Hoodline
Unable to calculate read time
Collection
[
|
...
]