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Zohran Mamdani: “The mayor has used that power to increase the rent by more…”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

Up Close with Bill Ritter: Democratic New York City mayoral candidate Zohran Mamdani

Published October 27, 2025 | Video Starts at 14:50

Close to two and a half million of them live in rent stabilized apartments. The city has the power to freeze the rent for those apartments. The mayor has used that power to increase the rent by more than 12%. So one way that you make life more affordable is you freeze the rent for four years and you say the rent you're paying now is the rent you're going to pay next year. (14:50–14:55)

CLAIM

Asserts that the mayor increased rent by over 12% for rent-stabilized apartments.

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.

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“The affordability crisis from within [is the second crisis facing New York City].”
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“We're talking about raising personal income taxes on the top 1% of New Yorkers.”
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“Paying a middleman often more than $20,000 for the right to use their license.”
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