Turns out Mayor Zohran Mamdani\u2019s rent freeze will only apply to some New Yorkers, while his own Department of Housing Preservation and Development sends others\u2019 rents through the roof. <\/p>\n
HPD proposes a nearly 30% rent hike<\/a> over four years at Tracey Towers, a Mitchell-Lama complex in The Bronx, citing a need to cover big bills for repairs, maintenance and mortgage. <\/p>\n Meanwhile, the Mamdani-packed Rent Guidelines Board is moving ahead with 0% hikes for countless other landlords who face the very same challenges.<\/p>\n The mayor\u2019s new Office of Mass Engagement is organizing a \u201ccommunity\u201d pressure campaign to stage a show of popular anger to justify the RGB delivering on his promised<\/a> freeze for tenants in rent-stabilized units.<\/p>\n No worries about how rent-regulated landlords \u2014 owners of more than 40% of the city\u2019s rental units \u2014 will cover their soaring costs, though many of them are already under water.<\/p>\n Meanwhile, Mamdani\u2019s HPD proposes double-digit rent hikes at the Bronx complex to cover its mortgage arrears, repair and other operating expenses.<\/p>\n \t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n One more time: Pre-1974 rent-stabilized buildings are in crisis, with low rent revenues, high property-tax burdens, soaring utility costs and zero help from the city or state. <\/p>\n Meanwhile, the crisis at once-comfortable Mitchell-Lama middle-income housing like Tracey Towers built over decades under the \u201cwatchful\u201d eye of government bureaucrats despite millions in government subsidies.<\/p>\n