October 24, 2025 - 19:37

In a strategic move, Mayor Eric Adams is set to appoint at least six new members to the Rent Guidelines Board, significantly altering the composition of the nine-member panel. This decision comes as a response to the anticipated push for a rent freeze by Councilmember Zohran Mamdani, who is expected to take a prominent role in the city's governance.
Adams’ plan aims to establish a board that aligns more closely with his administration's housing policies, which may counter Mamdani's proposal for a rent freeze. The Rent Guidelines Board plays a crucial role in determining rent adjustments for approximately one million rent-stabilized apartments in the city, making its composition a key factor in the ongoing debate over affordable housing.
As the mayor prepares for these appointments, the implications of this reshuffling could have lasting effects on tenants and landlords alike. With tensions rising over housing affordability, the upcoming changes are sure to spark discussions on the future of rent regulation in the city.
April 15, 2026 - 12:18
New York Governor Proposing Tax on Second Homes Worth $5 Million or MoreGovernor Kathy Hochul has unveiled a proposal to levy an annual tax on extraordinarily high-value second homes in New York City. The measure specifically targets non-primary residences, or pieds-à...
April 14, 2026 - 21:23
Will the spring home-buying spree finally lift the logjam that’s been plaguing the market?For the first time in months, a significant shift is appearing in the frozen real estate landscape. Fresh data for March 2026 reveals a crucial development: new listings for both single-family...
April 14, 2026 - 02:53
Residential conversions gain steam with sale of two downtown office buildings — plus another deal in the worksIn a significant move highlighting the ongoing transformation of urban cores, two prominent downtown office buildings have been purchased for conversion into residential apartments. The deal,...
April 13, 2026 - 12:30
KKR Unit to Boost Buying in $2.8 Trillion Japan Property MarketKKR & Co. is poised for a significant ramp-up in its Japanese real estate investments, specifically targeting the massive market for corporate property sell-offs. The firm`s local management...