Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Government Housing vs Nonprofits Who Actually Builds Better Communities

7 Jul 2026 · 1 min

Watch on YouTube

1:09

In a brief segment of a YouTube interview, the host explains that New York's Independent Rent Guidelines Board (IRGB) has frozen rents for over two million rent‑stabilized tenants for the upcoming year. Christian Osgood responds, arguing that the rent freeze harms both landlords and tenants, labeling it a misguided policy that will exacerbate chronic neglect of housing. He then references proposals to address the problem by transferring ownership of rent‑stabilized units to responsible stewards such as community land trusts, nonprofit organizations, or directly to tenants, suggesting that these models could provide more sustainable, community‑focused management.

New York. The Independent Rent Guidelines Board just froze the rent. That means if you're one of the more than 2 million New Yorkers who lives in a rent-stabilized apartment, your rent's going to be frozen next year.
That's bad. Freezing the rent is not just bad for the landlords, it's bad for the tenants. And I mean really bad. This is what he's actually trying to do. He says it right here.
Chronic neglect. We will work to transfer ownership to responsible stewards. Stewards that include community land trusts, nonprofits, nonprofits, or even the tenants themselves.
By freezing the income and increasing the expenses, his goal is to have state-run housing. Now, what does state-run housing look like? It looks like uniformly bad housing. And the real estate developers, certain ones are going to win all the contracts. They're going to bid at 5 to 10 times the normal construction cost. So the rich will continue to get richer. However, Everyone will live in uniformly terrible housing. This is a horrible idea. You want housing to be as close to a free market as possible. The more regulation here, every single time, is the worst for your actual tenants.