400,000 Affordable Homes

Mayor Zohran Mamdani announced a housing plan aiming to create and preserve 400,000 affordable homes over a decade, addressing New York City's affordability crisis. The plan emphasizes expanding existing policies, leveraging zoning and financing tools, and faces challenges due to a strained budget. Mamdani's administration targets 14,000 affordable homes in 2027, scaling to 21,000 by 2031.