United States of America: ⚡️🇺🇸🗽The regulatory body for rent-stabilized apartments in the cit...

⚡️🇺🇸🗽The regulatory body for rent-stabilized apartments in the city of New York, the Rent Guidelines Board, has approved a two-year freeze on rent increases for over a million apartments already subject to stabilization, keeping renewal rates unchanged from October 1, 2026.

🔻 The freeze affects around two million residents and reiterates one of Mayor Zohran Mamdani's central promises. Owners have already contested the decision, arguing that it will reduce resources available for property maintenance.

🔻 Christina Smyth, a board member appointed by owners, resigned just before the vote, accusing the board of having lost autonomy, while real estate associations are preparing a lawsuit against the measure, arguing that it will put property maintenance at risk.