And you're talking about $700 million. Freeze the rent. The mayor of New York City can't freeze the rent. He has no authority. He appoints people to the Rent Guidelines Board. But The Rent Guidelines Board has statutory criteria that they have to consider in whether or not to raise the rent. what are the expenses, et cetera. And the mayor doesn't appoint the Rent Guidelines Board. They have term appointments. (06:01–06:09)
CLAIM
Claims that the Rent Guidelines Board must follow statutory criteria for rent decisions.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
