Mamdani Backs Off Rent Freeze Amid Tax Hike Threats
February 19, 2026·6 days ago·via New York Post
NYC Mayor Zohran Mamdani, fresh off stacking the Rent Guidelines Board with six appointees to push his campaign promise of freezing rents on 1 million stabilized units, suddenly softens his stance as property tax hikes loom large. With NYC rents already surging-up 7.3% in Manhattan to nearly $4,900 monthly-he faces backlash over a potential 9.5% tax increase that could slap $700 extra on typical homeowners unless Albany bails out with rich-guy income tax hikes.
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