Hey, Zohran: Your ‘new’ magic housing plan has been failing for decades
The editorial critiques NYC Mayor Zohran Mamdani's 'Block by Block' housing plan, arguing it relies on outdated strategies that have previously failed. It highlights the challenges faced by community organizations in managing affordable housing and the unrealistic expectations of the plan. The piece concludes that simply removing profit motives from housing does not solve underlying financial issues.
- ▪Mayor Zohran Mamdani's plan aims to build 200,000 subsidized apartments but relies on ineffective strategies.
- ▪Community Development Corporations managing affordable housing face significant financial challenges similar to private landlords.
- ▪Many existing cooperatives in New York City are at high risk for foreclosure due to financial instability.
Opening excerpt (first ~120 words) tap to expand
Opinion editorial Hey, Zohran: Your ‘new’ magic housing plan has been failing for decades By Post Editorial Board Published June 1, 2026, 7:00 a.m. ET NYC Mayor Mamdani delivering remarks at the Africa Center's Annual Africa Day Celebration. Robert Miller for NY Post See more of our coverage in your search results. Add The New York Post on Google Mayor Zohran Mamdani’s “Block by Block” plan to build 200,000 subsidized apartments entails a lot of handwaving, magical thinking and reliance on “responsible stewards” . . who have been failing to manage the real-estate portfolios they already have. In Mamdaniland, the problem with housing is all the owners who stubbornly insist on trying to make a profit — or just break even.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
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