Dossier
affordability revolution
Coverage of affordability revolution in the Nexus archive.
- Mamdani’s affordability revolution stumbled as rent costs soar to record highs
New York City's median asking rent reached a record high of $4,200 in June, coupled with a decrease in available rentals across the city. This crisis challenges Mayor Zohran Mamdani’s affordability agenda, as critics warn that policies like freezing rents on stabilized apartments could discourage investment and make an already tight housing market even worse.