THE LATEST | CANADAPolitico: The mayor-elect is gearing up for an unprecedented step: freezing rents for up to four years across nearly one million rent-stabilized apartments, which house about two million people — or roughly a quarter of the city’s population. Mamdani and his allies argue the dramatic move — which would be carried out through a mayor-appointed board — is needed to help renters stay afloat in an increasingly unaffordable city.
Landlords are scrambling to stop him: pondering legal action, hoping lame-duck Mayor Eric Adams can kneecap Mamdani for a year or two with last-minute appointments, and sounding the alarm that many rent-regulated buildings are on the verge of collapse. Some are banking on the expectation that, eventually, conditions in their buildings will get bad enough that policymakers will be forced to act in their favor…