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Good afternoon, let’s get into a special edition of PolicyPro that digs into new initiatives and conflicts emerging out of Mayor Zohran Mamdani’s sweeping housing plan unveiled Tuesday:
- The mayor positioned two City Council bills as key to his housing agenda.
- City Hall is pushing to expand project labor agreements in affordable housing, drawing skepticism from some in the industry who warn the move could drive up costs.
- The Mamdani administration plans to ramp up use of the city’s 7A program to wrest day-to-day control of troubled buildings from “bad actor” landlords.
- A new preservation program would allow distressed building owners to pool their properties’ reserves into a single flexible fund for capital and operating needs.
- The city is looking to help more tenants convert rental buildings into co-ops.
In this edition we mention: Council member Pierina Sanchez, Council member Sandy Nurse, Mayor for Housing and Planning Leila Bozorg, Deputy Mayor for Economic Justice Julie Su, REBNY President James Whelan, Small Property Owners of New York’s board president Ann Korchak and others
We Heard…