Mayor. Bill de Blasio is calling for a rent freeze for 2.3 million tenants in nearly 1 million rent-stabilized units across the City amid the COVID-19 epidemic.
The City will work with the State to suspend the Rent Guidelines Board process for the upcoming year, which will maintain all regulated rents at this year’s level and provide a lifeline to tenants in need.
“We are in the midst of a crisis only comparable to the Great Depression,” said Mayor Bill de Blasio. “The people of our city are struggling and a rent freeze is the lifeline so many will need this year to stay above water.”