STATEN ISLAND, N.Y. — Mayor Zohran Mamdani this week announced a new initiative aimed at accelerating the development of affordable housing on city-owned property across the five boroughs.
The program, called Neighborhood Builders Fast Track, establishes a pre-qualified roster of developers that will reduce pre-development time for new projects from 18 months to 10 months, Mamdani explained during a press conference in Bed- Stuy Brooklyn.
The initiative promises to deliver 1,000 new units across New York City while cutting construction timelines by up to two and a half years. Mamdani on Tuesday outlined construction projects in Brooklyn, Queens and the Bronx. The new tool, however, could in theory be used at a site anywhere in the city, including on Staten Island…