Jake Krimmel
Coverage of Jake Krimmel in the Nexus archive.
- Mamdani's rent freeze is official. One chart shows who stands to benefit.
Mayor Zohran Mamdani's rent freeze for 1 million rent-stabilized apartments in New York City will take effect October 1, 2026, after a 7-to-1 vote by the Rent Guidelines Board. Critics warn the policy may strain landlords and impact property maintenance, while supporters highlight its potential to ease housing costs for renters.
- Mamdani wants more housing on public land. A map shows where NYC is building now — and why 'it's not a silver bullet.'
NYC Mayor Zohran Mamdani plans to build 200,000 affordable homes using city-owned land, including converting libraries and parking lots. An economist notes the plan faces challenges like zoning and funding but could help address housing affordability. The city aims to develop 25,000 units over 10 years, with 10 projects currently in planning.
- The Price of Entry May Be Dropping for Prospective Homebuyers, Survey Finds
Median down payments for homebuyers reached their lowest level in four years, dropping 19% year-over-year to $23,400 in Q1 2026. Mortgage rates declined from a year prior, and government-backed loans like FHA and VA accounted for a third of purchase mortgages, easing affordability pressures.