Mamdani's NYC Housing Plan: Rent Freeze & Development
Update: 2025-11-10
Description
New York Citys real estate industry anticipates significant shifts under Mayor-elect Zohran Mamdani, who advocates for a rent freeze on rent-stabilized apartments and increased housing development. Industry leaders like David Dworkin and Kenny Burgos express concerns about the impact on building maintenance and affordable housing units financial stability. However, some, like Jesse Batus, remain optimistic about collaboration with Mamdani to address affordability and housing development.
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