New York City’s Rent Guidelines Board has voted to freeze rents for the next two years for nearly 1 million rent-stabilized apartments. The historic decision fulfills one of Mayor Zohran Mamdani’s key campaign promises, just six months into his term.

The 7-1 vote Thursday took place at El Museo del Barrio, a museum in the neighborhood of East Harlem, where hundreds of tenants packed an auditorium, breaking into chants of joy, and many taking to the streets to celebrate after the vote. This is Chantella Mitchell, chair of the New York City Rent Guidelines Board.

Chantella Mitchell: “I believe a 0% adjustment for one- and two-year leases is fair and responsible approach this year. It’s one that reflects the depth of affordability challenges facing tenants, while recognizing the real pressures that owners continue to face.”