Queens Assembly Member Zohran Mamdani, a Democratic socialist who is running for mayor, proposed an ambitious plan on Monday to build 200,000 new “affordable” homes over the next decade financed directly by the city, amNewYork Metro has learned.
Mamdani’s multifaceted housing plan, which his campaign shared exclusively with amNewYork Metro ahead of its Feb. 3 release, involves the city taking the lead on paying for new housing production rather than private developers. It builds on Mamdani’s marquee housing proposal, which he rolled out when he announced his candidacy last fall: Freezing the rent for all stabilized tenants.
