Zohran Mamdani, a socialist mayoral candidate, proposes a $100B plan to build 200,000 affordable, union-built apartments in 10 years, funded by $70B in bonds, city-owned land, and unused rent vouchers. However, critics argue that the plan is unrealistic. Mamdani’s promise to freeze rents on stabilized units overlooks the Rent Guidelines Board’s limitations, and his plan for affordable housing relies on union labor, increasing costs. Critics also point out the difficulty of finding suitable land and financing. Ultimately, they argue that Mamdani’s housing plan is unworkable and not grounded in reality.
Zohran Mamdani
