New York City Mayor Zohran Mamdani announced a new “block by block” initiative to tackle the city’s affordable housing crisis Tuesday morning.
The plan focuses on 400,000 affordable housing units, enhancing tenant protections and investing in public housing. Some 200,000 of those units will be new, rent-stabilized homes built over the next decade, as well as preserving and stabilizing an additional 200,000 homes.
Eh, they didn’t say “plan to build 400,000 affordable housing units”, they said “plan for 400,000 units”. The plan involves building 200,000 units, and stabilizing 200,000 existing units. That’s not really a false headline.