NYC's rent freeze is finally becoming a reality. Here are 3 things renters should know.

Tech Insider : Economy, Business
One of New York City Mayor Zohran Mamdani's central campaign promises was to fight for affordable housing.
One of New York City Mayor Zohran Mamdani's central campaign promises was to fight for affordable housing.

Selcuk Acar/Anadolu via Getty Images

Mamdani's rent freeze is official. One chart shows who stands to benefit.

Tech Insider : Economy, Business, Style
Zohran Mamdani
Mayor Zohran Mamdani's rent freeze will take effect for leases beginning October 1, 2026.

Michael M. Santiago/Getty Images

I won New York City's affordable-housing lottery. Five years later, I feel trapped with my family in 800 square feet.

Tech Insider : Business
Woman on laptop sitting on couch with dog at her feet
Winning the New York City affordable housing lottery was one of the best things that ever happened to me. Five years, a husband, and a kid later, I feel like I have no choice but to stay.

Caralynn Matassa

One New Yorker won $150,000 when she found out her landlord had been overcharging her. Now a bunch more tenants are using stabilization laws to get money back and pay cheaper rent.

Tech Insider : Economy
Residential apartment buildings are seen on July 26, 2022 in the Brooklyn borough of New York City.
Residential apartment buildings are seen on July 26, 2022 in the Brooklyn borough of New York City.

Spencer Platt/Getty Images

The Supreme Court just rejected an effort to get rid of rent stabilization in New York

Tech Insider : Economy, Politics
The sun sets on the skyline of midtown Manhattan and the Empire State Building on September 20, 2023, in New York City.
The sun sets on the skyline of midtown Manhattan and the Empire State Building on September 20, 2023, in New York City.

Gary Hershorn/Getty Images

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