Can Mamdani Pay For It? A Numbers-First Reality Check on the Mayoral Candidate's Agenda
Mamdani's ambitious affordability platform could require tens of billions and faces fiscal and construction cost uncertainties that may render it unsustainable.
The mayor cannot directly freeze all rents but can influence a freeze for rent-stabilized apartments through appointments and policy affecting nearly one million units.
If you freeze rents for current rent-stabilized tenants, then there will be a significant domino effect that results in higher rents for neighboring free market tenants.
Rent freeze and a comeback? Michael Blake bets on affordability pitch to revive NYC Mayoral campaign | amNewYork
Blake emphasized the importance of addressing the affordability crisis with a rent freeze while supporting small property owners via mechanisms like a vacancy tax.