Zohran Mamdani: “The city determines if their rent goes up every year or not…”

“Yep. So we have eight and a half million people living in New York City. About two and a half million live in rent stabilized housing. That means The city determines if their rent goes up every year or not at all. And that's done through a board called the Rent Guidelines Board. Nine members, the mayor appoints each one. This mayor called himself real estate. He's raised the rent 9%.” (27:22–27:27)

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.