Mayor Zohran Mamdani has taken significant steps toward implementing a promised rent freeze in New York City by appointing a new majority to the Rent Guidelines Board. This move comes as the city faces pressing challenges in affordable housing, with concerns regarding the impact on the real estate market and infrastructure. The city is also introducing a rent freeze for senior citizens and people with disabilities that could last up to 20 years, affecting approximately one million regulated properties. Critics warn that strict rent controls may lead to loss of buildings and increased displacement. As Mayor Mamdani advocates for the production of rent-stabilized housing, the debate over the balance between controlling rents and maintaining the viability of housing remains contentious.