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.
I’m not a New Yorker, but it’s obviously likely taxes. There’s a lot of really rich people in NYC, so there’s some raising of taxes that can be done to them as well as some upper middle class.
There’s point is, there’s money that can be found.