NY Mayor Zohran Mamdani has unveiled a $22 billion housing plan he says will build and/or preserve 400,000 “affordable homes.” As part of the plan, all work done to make it possible will have to be done with explicit approval and by the terms of the unions.
Mamdani’s plan to squash private landlords will be nothing but a disaster for tenants– nypost.com
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EXCERPT:
Mayor Zohran Mamdani is right about the lack of decent, affordable housing in the city, but he’s worse than clueless about solutions.
That’s the take-away from the housing plan he dropped Tuesday.
Hizzoner blames Gotham’s housing woes on greedy landlords, so his “solution” is to hand as much ownership as possible to government and community groups.
Hello? Try to find a single New York City Housing Authority tenant who likes having government as their landlord — and waiting months or years for, say, an elevator to get fixed.
Yet Mamdani plans to build and preserve 400,000 “affordable homes” over the next decade, at a whopping cost of $22 billion — with many run by nonprofit groups or the city itself.
