To: Mamdani Transition & Housing Policy Team From: Seth Glasser and Shaun Riney, On Behalf Of Underserved Tenants Re: A Pragmatic Framework to Stabilize Housing, Protect Tenants, and Restore Supply Date: January 12, 2026 _________________________________________________________ Executive Summary New York City’s rental housing system is currently defined by conflict, distrust, and policy gridlock. The result has been predictable: deteriorating buildings, warehoused apartments, rising market rents, and growing pressure on tenants and housing providers alike. The Housing Stability and Tenant Protection Act of 2019 (HSTPA) was passed with the intent of protecting…

Since June of 2019 the industry has taken it on the chin year after year. This article is going to make an argument that the worst is behind us and although it might be hard to see, the future will be better than that past. Mamdani & The Mainstream Media Mamdani’s rise to power has drawn national attention. His campaign to “freeze the rent” has given the industry more free media attention than we could have gotten on our own. Rent stabilization used to be a topic of conversation reserved…

NYC Multifamily Pricing Today: What’s Up, What’s Down, And What’s Unchanged The multifamily market has been all over the place, with eye popping trades on both ends of the spectrum – some trades for $1,000 a foot, and some trades for $50/foot! Let’s dive in to see what assets are thriving, what’s struggling and what’s holding their own. 100% Free Market Free market rents continue to go up and that likely continues under the next administration. Equity groups that previously purchased buildings with a rent stabilized component are now all…