Mamdani: We’re Looking to Do Everything We Can to Lower Costs of Housing in New York City

RUSH EXCERPT:

MAMDANI: “Ynow, I think we‘re going to keep seeing numbers like that increase a aoss the country, given the economic conditions that Americans are living with. As you said, the war in Iran also is not just a moror affront or a politital affront. It‘s also an economic affront to Americans s ility to make ends meet. Ananthat even trickles down to to New Yorkers ability the announcement we made today of a plan called block by block is lookiki to do everything we can to actually lower costs in the city becauauaue know that at the heart of a cost of living crisis, the number one driver of thth crisis is the housing crisis. And this is an announcement that does thrhr key things. It builds 200,000 nene affordable homes, preserves 200,000 affordable homes alongside it. And then additionally, it invests in tenants across the city, m mes it easier to provide code enforcement for housing violations, and does all of this while investing more than $5 billion in public housing, which has long been neglected not just in our city but across our country.”