"Cuomo who only moved into New York City in September 2024 after living in Westchester, a suburban community north of the city has promised to build over the next decade half a million new apartments, two-thirds of which will be affordable. The plan offers tax incentives to private developers to build more residential developments. It also says it will loosen zoning laws to promote office-to-residential conversions."
"However, much of what he's touting is already city policy. New York launched an office-to-housing programme in 2020 under former Mayor Bill de Blasio, followed by reforms last year to speed up conversions under incumbent Eric Adams. According to a report from City Comptroller Brad Lander, who also ran in the primaries but has since endorsed Mamdani, those initiatives have already produced 44 conversions. Projects finished or under way are expected to create as many as 17,400 units citywide mostly studios and one-bedroom apartments."
Andrew Cuomo trails Zohran Mamdani in polls after losing the Democratic primary and now runs as an independent for New York City mayor. Mamdani won on a message of affordability, and Cuomo has criticized those plans as extreme and infeasible. Cuomo moved to the city in September 2024 from Westchester and promises 500,000 new apartments over a decade, with two-thirds designated affordable, using tax incentives, zoning loosening and office-to-residential conversions. Many proposed measures overlap with existing city policy, including a 2020 office-to-housing programme and recent reforms that have produced 44 conversions and could yield about 17,400 units citywide. Cuomo also proposes using public land and investing $2.5bn in public housing.
Read at www.aljazeera.com
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