The New York City board that sets the rent for roughly 1 million regulated apartments voted to consider a rent freeze on Thursday in a move that, if enacted, would fulfill a key campaign pledge of Mayor Zohran Mamdani.

New York City’s Rent Guidelines Board convened for an annual hearing that establishes the parameters for the panel’s final binding vote. It will consider a range of 0% to 2% on one-year leases and 0% to 4% on two-year leases. Board members voted 7 to 1 in favor of the range, with one abstention.