NYC has extended the deadline for homeowners to prove residency and avoid the pied-à-terre tax. Thousands of appeals have already been approved as a legal challenge continues.
Basement apartments have already been deemed off‑limits because of flooding.
The mayor's plan includes three planks: Building new homes, tenant protections and overhauling NYCHA.
This year, the Rent Guidelines Board's first vote, called for a 0-2% rent hike for one-year leases, and a 0-4% for two-year leases.
Members of the board submitted seven "yes" votes, one "no," and one abstention, for a 0-2% increase for one-year leases, and 0-4% for two-year leases.
Mayor Mamdani said the city won a $31 million settlement against the owners of Robert Fulton Terrace and Fordham Towers.