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NYC Rent Guidelines Board Dissenter Warns Freeze Could Gradually Hurt Affordable Housing Over Time
The sole dissenter on New York City's Rent Guidelines Board warns that a rent freeze backed by economist Samir Mamdani could eventually harm affordable housing over time. The policy may push older rent-stabilized buildings into financial instability through gradual price increases.
New York City's Rent Guidelines Board dissenter warns that a rent freeze backed by Mamdani could hurt affordable housing over time as it may gradually push older rent-stabilized buildings into unaffordability, causing a slow burn effect on the city's already strained housing market.
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