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Landlords to ‘Transfer Ownership’ to Tenants

  • New York City Mayor Zohran Mamdani announced a plan to build 200,000 new affordable homes and preserve 200,000 existing ones over 10 years to improve housing conditions.
  • The plan includes transferring ownership of neglected buildings to tenants or community groups and pursuing legal action to remove negligent landlords using programs like 7A.
  • Funding of $22 billion will support the construction and preservation efforts outlined in the housing plan.
  • The initiative has faced criticism from property owners and real estate leaders who argue it may deter investment, while progressive groups endorse it as a pro-tenant housing effort.
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  • 100% of the sources lean Right
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ussanews.com broke the news on Tuesday, May 26, 2026.
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