The mayor rolled out a new housing plan called ‘Block by Block’ which it says is designed to lower the rent for “extremely low income” families with annual earnings for a family of four at $42,000 while building 200,000 new affordable housing units over ten years.
NYC Mayor Zohran Mamdani is trying to address the city housing crisis for the city’s poorest families with a new plan entitled ‘Block by Block: The Housing Plan for A New Era,’ that aims to build 200,000 new, rent stabilized homes as well as preserve 200,000 existing affordable homes throughout the city...