# NYC Rent Shock: Rent Guidelines Board to Decide on Rent-Stabilized Apartment Increases

The New York City Rent Guidelines Board is set to vote on Monday, deciding the fate of rent-stabilized apartments across the city.  This decision will significantly impact countless New Yorkers, potentially leading to substantial rent increases.

The board's deliberation comes amid a backdrop of **skyrocketing living costs** and ongoing debates about **affordable housing** in NYC.  Many renters anxiously await the outcome, hoping for a fair and manageable increase (or even a freeze), while others anticipate a significant financial burden.

This is a developing story, and we will continue to provide updates as they become available. Stay tuned to NewYorkNews.com for more information and analysis on how this decision will shape the city's rental landscape.

<img src="https://assets2.cbsnewsstatic.com/hub/i/r/2025/06/27/e0becbd6-7514-42ba-8239-16c08d7c2a47/thumbnail/1280x720/6ee28a2b6ada438a31f034c4cbd00387/acf73d73cf328ded8eaea36854147f45.jpg" alt="Image related to NYC Rent Increases">


New York City&#039;s Rent Guidelines Board will vote Monday on increases for rent-stabilized apartments.

NYC Rent Shock: Rent Guidelines Board to Decide on Rent-Stabilized Apartment Increases

# NYC's Next Mayor: A Billionaire Exodus Looms?

**Zohran Mamdani**, a 33-year-old assemblymember, is leading the Democratic mayoral primary in NYC with a platform focused on affordable living, including city-run groceries and free public services.  This has sparked outrage among the city's business elite.

<br>

**The 1% is freaking out.**  Billionaire hedge fund manager **Bill Ackman** threatened to bankroll a rival candidate, suggesting a mass exodus of wealthy individuals and businesses if Mamdani wins. Others echoed similar sentiments, with John Castimatidis considering moving his business to New Jersey.

<br>

<iframe width="560" height="315" src="https://www.youtube.com/embed/dQw4w9WgXcQ" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>

<br>

## History Repeating Itself?

This isn't the first time NYC's business community reacted negatively to a progressive mayor.  When **Bill de Blasio** was elected in 2013, similar threats were made, but ultimately, businesses stayed, and his administration implemented successful programs.

<br>

## Will They Really Leave?

While some high-profile billionaires have left high-tax states for Florida and Texas recently, experts say the decision to relocate involves many factors beyond taxes.  NYC's strong labor market and vibrant economy remain significant draws.

<br>

## The Housing Crisis Factor

Mamdani's plan to freeze rents worries the real estate sector, leading the landlord lobby to heavily fund rival campaigns.  Landlords fear rent restrictions could lead to property abandonment, echoing the city's housing crisis of the 1970s and 80s.

<br>

## What's Next?

Economists like Paul Krugman argue that the focus on a potential billionaire exodus overshadows NYC's real issue: **affordability**. While the impacts of Mamdani's policies remain to be seen, his focus on affordability is undeniable.  The Partnership for New York City plans to meet with Mamdani to address concerns and discuss his platform.


By backing a platform of economic redistribution, New Yorkers are committing "suicide by Mayor," one finance analyst said.

NYC's Next Mayor: Will Billionaires Flee Zohran Mamdani's Tax-the-Rich Plans?

# NYC's Election: A Wake-Up Call for Moderate Voters

The recent New York City mayoral primary election reveals a concerning trend in American politics.  **Zohran Mamdani**, a self-proclaimed "Democratic socialist," won the Democratic nomination with surprisingly few votes, highlighting several key issues.

## The Power of a Small Minority

While over 3 million people are registered Democrats in NYC, only a small fraction actually voted in the primary.  Mamdani's victory was secured with just 432,000 votes—a mere 5% of all New Yorkers and less than 10% of registered voters.  This signifies the outsized influence of a highly motivated minority in shaping election outcomes, even in a major city like NYC.

<img src="https://d.newsweek.com/en/full/2673027/new-york-mayoral-candidate.jpg?w=1200&amp;f=e876f32788d03095e72618174bd9c678" alt="New York mayoral candidate">

This trend isn't unique to NYC.  Similar patterns have been observed in other large cities, such as Chicago, where a similarly small percentage of voters determined the mayoral outcome.

## The Shifting Landscape of the Democratic Party

The election also underscores the significant leftward shift within the Democratic Party.  The once-unthinkable identification as a "Democratic socialist" is now a viable, and perhaps even advantageous, position for candidates.  This challenges the traditional norms and potentially leaves moderate voters feeling unrepresented.

## The Party's Adaptability

Traditionally, candidates adapted to the party platform. Now, the party bends to the candidate's views. This is evident not just in the Democratic Party but also the Republican Party, exemplified by the influence of figures like Donald Trump and Bernie Sanders on their respective parties.

## The Path Forward

To counteract this trend, moderate voters need to become more actively involved in the primary process.  Simply put: **show up and vote**. Otherwise, the political landscape will continue to be shaped by a highly engaged minority, potentially leading to outcomes that don't reflect the will of the majority.

If the moderate masses ever seek to reclaim their own parties, they need to field candidates and then actually show up—in the primaries—and vote for them.

NYC's Shocking Election Result: How a Tiny Fraction of Voters Picked the Next Mayor

# Cuomo's Unexpected NYC Mayoral Bid Continues

Former New York Governor Andrew Cuomo will remain on the November ballot for the New York City mayoral race, running on an independent line called "Fight and Deliver".  This comes after he conceded the Democratic primary to Assemblyman Zohran Mamdani.

<img src="https://i.abcnewsfe.com/a/3fd10b70-aefa-42b2-abed-6e7e31342280/cuomo_1750822229501_hpMain.jpg" alt="Andrew Cuomo at an election party">

While initially undecided on actively campaigning, Cuomo confirmed his presence on the ballot, stating he will analyze the primary results and the general election landscape before deciding his next steps.  He qualified for the independent line in May via an independent nominating petition.  The deadline for candidates to withdraw from independent lines was June 27th.

Cuomo's decision follows his concession speech where he acknowledged Mamdani's victory.  He also cited the delayed release of ranked-choice voting tabulations (starting July 1st) as a factor in his decision-making process.

Cuomo's mayoral run comes four years after his resignation as governor amidst sexual harassment allegations, which he denies. He has since expressed regret over resigning.

Other candidates confirmed for the November ballot include incumbent Mayor Eric Adams (running as an independent), Republican Curtis Sliwa, and independent Jim Walden.

[Read more about the ranked-choice voting process](https://abcnews.go.com/Politics/ranked-choice-voting-works-new-york-city-mayoral/story?id=122941491)

[Read more about Mayor Adams' reelection campaign](https://abcnews.go.com/US/new-york-city-mayor-eric-adams-launches-reelection/story?id=123226709)

Former New York Gov. Andrew Cuomo will stay on the New York City mayoral ballot in November on an independent line, a source close to the campaign confirmed.

Cuomo Stays in NYC Mayoral Race: Will He Campaign on Independent Line?

# NYC 2025 Primary Election Results: A Detailed Breakdown

The 2025 New York City primary elections have concluded, revealing a mix of expected wins and surprisingly close races.  Here's a summary of key results:

## Key Races and Winners

This table summarizes the key races and winners from the NYC 2025 Primary Elections:

<table>
  <tr>
    <th>District</th>
    <th>Party</th>
    <th>Winner</th>
    <th>Vote Percentage (where applicable)</th>
  </tr>
  <tr>
    <td>1</td>
    <td>D</td>
    <td>Christopher Marte (incumbent)</td>
    <td>49%</td>
  </tr>
  <tr>
    <td>1</td>
    <td>R</td>
    <td>Helen Qiu</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>2</td>
    <td>D</td>
    <td>Harvey Epstein</td>
    <td>39%</td>
  </tr>
  <tr>
    <td>2</td>
    <td>R</td>
    <td>Jason Murillo</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>3</td>
    <td>D</td>
    <td>Erik Bottcher (incumbent)</td>
    <td>74%</td>
  </tr>
  <tr>
    <td>4</td>
    <td>D</td>
    <td>Virginia Maloney</td>
    <td>26.8%</td>
  </tr>
  <tr>
    <td>4</td>
    <td>R</td>
    <td>Debra Schwartzben</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>5</td>
    <td>D</td>
    <td>Julie Menin (incumbent)</td>
    <td>73%</td>
  </tr>
  <tr>
    <td>5</td>
    <td>R</td>
    <td>Alina Bonsell</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>6</td>
    <td>D</td>
    <td>Gale Brewer (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>7</td>
    <td>D</td>
    <td>Shaun Abreu (incumbent)</td>
    <td>63%</td>
  </tr>
  <tr>
    <td>7</td>
    <td>R</td>
    <td>Manual Williams</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>8</td>
    <td>D</td>
    <td>Elsie Encarnacion</td>
    <td>29%</td>
  </tr>
  <tr>
    <td>8</td>
    <td>R</td>
    <td>Tyreek Goodman</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>9</td>
    <td>D</td>
    <td>Yusef Salaam (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>10</td>
    <td>D</td>
    <td>Carmen De La Rosa (incumbent)</td>
    <td>87%</td>
  </tr>
  <tr>
    <td>10</td>
    <td>R</td>
    <td>Louisa Flores</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>11</td>
    <td>D</td>
    <td>Eric Dinowitz (incumbent)</td>
    <td>72%</td>
  </tr>
  <tr>
    <td>11</td>
    <td>R</td>
    <td>Stylo A. Sapaskis</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>12</td>
    <td>D</td>
    <td>Kevin Riley (incumbent)</td>
    <td>76%</td>
  </tr>
  <tr>
    <td>12</td>
    <td>R</td>
    <td>Franchie Muniz</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>13</td>
    <td>D</td>
    <td>Shirley Aldebol</td>
    <td>30%</td>
  </tr>
  <tr>
    <td>13</td>
    <td>R</td>
    <td>Kristy Marmorato (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>14</td>
    <td>D</td>
    <td>Pierina Sanchez (incumbent)</td>
    <td>67%</td>
  </tr>
  <tr>
    <td>15</td>
    <td>D</td>
    <td>Oswald Feliz (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>15</td>
    <td>R</td>
    <td>Aramis Ocasio</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>16</td>
    <td>D</td>
    <td>Althea Stevens (incumbent)</td>
    <td>71%</td>
  </tr>
  <tr>
    <td>16</td>
    <td>R</td>
    <td>Emmanuel Findlay</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>17</td>
    <td>D</td>
    <td>Justin Sanchez</td>
    <td>40%</td>
  </tr>
  <tr>
    <td>17</td>
    <td>R</td>
    <td>Rosaline Nieves</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>18</td>
    <td>D</td>
    <td>Amanda Farias (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>18</td>
    <td>R</td>
    <td>Shuvonkar Saha</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>19</td>
    <td>D</td>
    <td>Benjamin Chou</td>
    <td>67%</td>
  </tr>
  <tr>
    <td>19</td>
    <td>R</td>
    <td>Vickie Paladino (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>20</td>
    <td>D</td>
    <td>Sandra Ung (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>21</td>
    <td>D</td>
    <td>Shanel Thomas-Henry</td>
    <td>31%</td>
  </tr>
  <tr>
    <td>21</td>
    <td>R</td>
    <td>Giovanni Franco</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>22</td>
    <td>D</td>
    <td>Tiffany Caban (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>23</td>
    <td>D</td>
    <td>Linda Lee (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>24</td>
    <td>D</td>
    <td>James Gennaro (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>25</td>
    <td>D</td>
    <td>Shekar Krishnan (incumbent)</td>
    <td>67%</td>
  </tr>
  <tr>
    <td>25</td>
    <td>R</td>
    <td>Ramses Frias</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>26</td>
    <td>D</td>
    <td>Julie Won (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>26</td>
    <td>R</td>
    <td>John Healy</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>27</td>
    <td>D</td>
    <td>Nantasha Williams (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>28</td>
    <td>D</td>
    <td>Ty Hankerson</td>
    <td>35%</td>
  </tr>
  <tr>
    <td>29</td>
    <td>D</td>
    <td>Lynn Schulman (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>29</td>
    <td>R</td>
    <td>Jonathan Rinaldi</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>30</td>
    <td>D</td>
    <td>Paul Pogozelski</td>
    <td>32%</td>
  </tr>
  <tr>
    <td>30</td>
    <td>R</td>
    <td>Alicia Vaichunas</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>31</td>
    <td>D</td>
    <td>Selvena Brooks-Powers (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>32</td>
    <td>R</td>
    <td>Joann Ariola (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>33</td>
    <td>D</td>
    <td>Lincoln Restler (incumbent)</td>
    <td>75%</td>
  </tr>
  <tr>
    <td>34</td>
    <td>D</td>
    <td>Jennifer Gutierrez (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>35</td>
    <td>D</td>
    <td>Crystal Hudson (incumbent)</td>
    <td>85%</td>
  </tr>
  <tr>
    <td>36</td>
    <td>D</td>
    <td>Chi Osse (incumbent)</td>
    <td>78%</td>
  </tr>
  <tr>
    <td>37</td>
    <td>D</td>
    <td>Sandy Nurse (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>38</td>
    <td>D</td>
    <td>Alexa Aviles (incumbent)</td>
    <td>72%</td>
  </tr>
  <tr>
    <td>38</td>
    <td>R</td>
    <td>Luis Quero</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>39</td>
    <td>D</td>
    <td>Shahana Hanif (incumbent)</td>
    <td>70%</td>
  </tr>
  <tr>
    <td>40</td>
    <td>D</td>
    <td>Rita Joseph (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>41</td>
    <td>D</td>
    <td>Darlene Mealy (incumbent)</td>
    <td>43%</td>
  </tr>
  <tr>
    <td>42</td>
    <td>D</td>
    <td>Chris Banks (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>43</td>
    <td>D</td>
    <td>Susan Zhuang (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>44</td>
    <td>D</td>
    <td>Simcha Felder (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>44</td>
    <td>R</td>
    <td>Heshy Tischler</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>45</td>
    <td>D</td>
    <td>Farah Louis (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>45</td>
    <td>R</td>
    <td>Joshua Diaz</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>46</td>
    <td>D</td>
    <td>Mercedes Narcisse (incumbent)</td>
    <td>83%</td>
  </tr>
  <tr>
    <td>46</td>
    <td>R</td>
    <td>Athena Clarke</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>47</td>
    <td>D</td>
    <td>Kayla Santosuosso</td>
    <td>79%</td>
  </tr>
  <tr>
    <td>47</td>
    <td>R</td>
    <td>George Sarantopoulos</td>
    <td>49.9%</td>
  </tr>
  <tr>
    <td>48</td>
    <td>R</td>
    <td>Inna Vernikov (incumbent)</td>
    <td>66%</td>
  </tr>
  <tr>
    <td>49</td>
    <td>D</td>
    <td>Kamillah Hanks (incumbent)</td>
    <td>58%</td>
  </tr>
  <tr>
    <td>49</td>
    <td>R</td>
    <td>John Shea</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>50</td>
    <td>D</td>
    <td>Radhakrishna Mohan</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>50</td>
    <td>R</td>
    <td>David Carr (incumbent)</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>51</td>
    <td>D</td>
    <td>Clifford Hagen</td>
    <td>Uncontested</td>
  </tr>
  <tr>
    <td>51</td>
    <td>R</td>
    <td>Frank Morano (incumbent)</td>
    <td>82%</td>
  </tr>
</table>

Many incumbent candidates retained their seats, although several districts saw close contests and some surprising outcomes.


Get live results and maps from the 2025 New York primary elections.

NYC 2025 Primary Election Results: Shocking Wins and Close Races!

# NYC Renters Get a Credit Boost: A New Pilot Program

A new pilot program in New York City is offering affordable housing tenants a unique opportunity to improve their credit scores. This initiative aims to address the financial challenges faced by many renters and help them build a stronger financial future.  By participating in the program, tenants can demonstrate responsible financial behavior, which can positively impact their credit reports.

This program is a significant step towards providing greater financial security for New York City's affordable housing residents.  More details on how to participate in the program will be released soon. 

[Link to more details](placeholder-link) 


A new pilot program gives affordable housing tenants in New York City a new way to improve their credit scores.

NYC Renters Get a Credit Boost: New Program Helps Build Financial Security

# NYC's Socialist Mayor-Elect: A Threat to the Capital of Capitalism?

The recent election of Zohran Mamdani as New York City's mayor has sent shockwaves through the business community.  Mamdani's socialist platform, including proposals for city-run grocery stores and rent freezes, is raising concerns about the city's economic future.

## Questionable Economics

Mamdani's economic plans are viewed by many as unrealistic and potentially damaging.  His proposal for subsidized grocery stores ignores the already low profit margins of the industry, while his rent freeze could stifle new housing development at a time when it's desperately needed.  The plan to nationalize utility companies also faces opposition from environmentalists.

The estimated $10 billion annual cost of Mamdani's agenda is planned to be funded by increased taxes on corporations and the wealthy, but the feasibility of raising this revenue is highly debated.  Further, even if approved at the local level, any tax increase would still require state assembly approval.

Beyond tax policy, Mamdani could use other levers to negatively affect the economy through adjustments to zoning, licensing, and environmental regulations, potentially disadvantaging businesses and investors crucial to the city's economic vitality.

##  Capital Flight and Economic Consequences

Concerns exist that Mamdani's policies could accelerate the exodus of businesses from New York City, as already seen with companies like JP Morgan Chase moving employees to lower-tax states like Texas and Florida. This capital flight will lead to job losses and erode the city’s tax base, negatively impacting infrastructure, social services, and cultural institutions.

**The loss of major corporations represents a significant blow to NYC's economy.**

##  A Look at Mamdani's Experience

Mamdani's limited experience as a state assemblyman managing a small staff raises questions about his ability to effectively lead a city the size of New York.  Critics point to his lack of a proven track record of success in government.

## Capitalism vs. Socialism: A Critical Question

The authors argue that socialism's historical failures in efficiency and productivity contrast with capitalism's role in driving innovation and improving living standards.  They express hope that New York City will retain its position as the "capital of capitalism."


The prospect of the capital of capitalism going socialist poses a challenge, write Jeffrey Sonnenfeld, Steven Tian, and Stephen Henriques.

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