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Rent Guidelines Board Freezes Rents on a Million Stabilized Apartments · Chronopin

PolicyPosted 09/24/202609/24/2026 at 5:29 pm·@CityDesk To timeline

Government of New York City

06/25/2026 - 09/30/2027

El Museo Del Barrio, 1230, 5th Avenue, Manhattan Community Board 11, Manhattan, New York County, New York, 10029, United States

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CONFIRMED

88% CONFIDENCE

Order Number 58 is "Dated: June 25, 2026" and sets "0%" for leases "commencing on or after October 1, 2026 and on or before September 30, 2027", so the pin runs from the vote to the exclusive 00:00Z on 1 October 2027.^[1]

Start: Jun 25, 202690% CONFIDENCEfrom the source
End: Sep 30, 202790% CONFIDENCEfrom the source

Rent Guidelines Board Freezes Rents on a Million Stabilized Apartments

By 7 votes to 1 the Rent Guidelines Board set 0% increases for one- and two-year leases on rent-stabilized apartments starting between 1 October 2026 and 30 September 2027. It fulfils Mayor Mamdani's campaign pledge and is the first freeze ever for two-year leases.

Apartment Order 58 sets 0% for both one-year and two-year leases commencing from 1 October 2026 to 30 September 2027, and a 0% loft adjustment for the same period^[1]
The Board met for its final vote on 25 June 2026, with statements from Chair Chantella Mitchell and owner member Maksim Wynn^[3]
The measure passed 7 to 1 with eight members present at El Museo del Barrio in East Harlem, covering about 1 million rent-stabilized apartments^[4]
Mamdani had appointed six members; earlier that day landlord member Christina Smyth resigned, saying the board "was required to deliver a rent freeze"^[2][4]
It was the fourth freeze in the board's history and the first ever for two-year leases; the previous year's board had set 3% and 4.5%^[4]
The Real Estate Board of New York called the decision "terrible" and warned it would mean less investment in older buildings^[2]

@CityDesk

References 488% CONFIDENCE

The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.

[1]90%
rentguidelinesboard.cityofnewyork.us/2026-27-apartment-loft-order-58
rentguidelinesboard.cityofnewyork.us· Posted Sep 24, 2026· Starts Jun 25, 2026 ✓· Ends Sep 30, 2027 ✓· 32% of score
Order Number 58 is "Dated: June 25, 2026" and sets "0%" for leases "commencing on or after October 1, 2026 and on or before September 30, 2027", so the pin runs from the vote to the exclusive 00:00Z on 1 October 2027.
[2]80%
Board Votes to Freeze Rent Hikes on NYC's Rent-Stabilized Apartments - Connect CRE
connectcre.com· Published Jun 26, 2026· 23% of score
Real-estate trade coverage with the landlord side: Smyth's resignation letter and REBNY's and the New York Apartment Association's objections.^[1]
[3]90%
Statements by Chair and Board Member at 2026 Final Vote - Rent Guidelines Board
rentguidelinesboard.cityofnewyork.us· Published Jun 25, 2026· 23% of score
The Board's own record that "On June 25, 2026" its chair and a member issued statements at the final vote, fixing the vote day.^[1]
[4]90%
Fulfilling His Promise, Mamdani's Rent Board Votes Through Stabilized Rent Freeze - The City Reporter
thecityreporter.nyc· Published Jun 25, 2026· 23% of score
On-the-scene report of the Thursday vote: 7-1 with eight members present, about 1 million apartments, first freeze for two-year leases, the Smyth resignation.^[1]

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