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Fox Business’ Lauren Simonetti Democratic NYC Mayor Candidate Candidate Zohran Mamdani’nin $ 100 billion in the apartment plan and developers gave information about the retribution.
New York City Mayoral Candidate Zohran Mamdani Real estate developers and homeowners walk on the offer of sweeping to remove the city apartment crisis. The Queens Issionsmani wants to set up new socially subsidized houses in 200,000 and immediately freeze renters for 2.4 million stabilized tenants of the city.
“If you attack developing people,” said, “Jared Epstein, President of the Aurora capital, Associates, told the Fox business.” I am a developer. I attacked me, my company, peers, not effective. “
Mamdani made a campaign aimed at making one of the country Most expensive places to live It is more possible for medium residents. His proposals call for a mass investment in perennial rental and mass residence. Critics protect his proposals that may worsen existing problems in the rental market, including Epstein.
“The freezing of rent is an apartment freezer, flat and simple,” he said.
New York Mayor candidate, state rap. Zohran Mamdani (D-NY), on June 24, 2025, in New York City’s neighborhood in New York, June 34, 2025, talks to the fans on June 2025. (Getty Images / Michael M. Santiago / Getty Images)
Many homeowners say thousands Rent-fixed sections They sit empty due to expensive repairs they cannot pay without lifting the rent. The freezing of the rent would make this situation even worse.
Mamdani’s campaign site acknowledges the $ 100 billion price label, plans will cost more than 10 years. To pay projects, rich in New Yorkers offers steep taxes related to a corporate tax rate of more than a million dollars.
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Despite the rear steppe from the property industry, it finds strong support among progressive and young voters who are disappointed by Mamdani Rising costs. According to Realtor.com, Median Rent New York City Since 2024, about $ 200 has increased to $ 3,397.
The tenant’s lawyer, homeowners can master tax increases and rental offices.
William Kelly, Olivia Reingold and Gianno Caldwell, New York City Mayor’s candidate Zohran Mamdani’s ‘risk’ and ‘uncertainty’ discussions ‘Bottom line.’
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“Landlord’s profits are only fighting in one of the four new Yorkers in the last year, the first New Yorker struggles to pay the basics of New Yorker,” said Jesia Weaver, the director of the New York State Tenant Block.
“The modest increase in taxes is not because the New Yorker does not drive outside the city.”
