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    NORTH AMERICAN Newsline                                                  JUNE 05, 2026     |  The Indian Eye 20

                 Mayor Mamdani Highlights Housing Production

             Agenda in Block by Block as Support for Plan Grows

            Public Advocate Williams, four Borough Presidents, labor leaders and housing groups back the plan

            OUR BUREAU                                                                                            administration will create New York
                                                                                                                  City’s first revolving loan fund to help
            NEW YORK, NY
                                                                                                                  affordable  housing  financing  go  fur-
                     ayor Zohran Kwame has                                                                        ther and unlock private investment.
                     highlighted  key  elements                                                                       The administration is also con-
            Mof the administration’s his-                                                                         tinuing implementation of Executive
            toric housing plan, Block by Block,                                                                   Orders 4 and 5, signed on the Mayor’s
            focused on building the new housing                                                                   first day in office, to accelerate hous-
            New Yorkers urgently need.                                                                            ing development and expand afford-
                The plan charts a path to create                                                                  able housing on City-owned land.
            200,000 new affordable homes over                                                                         Through   reforms  proposed
            the next decade, including through                                                                    by the Streamlining Procedures to
            direct investment in affordable hous-                                                                 Expedite Equitable Development
            ing for low-income New Yorkers, in-                                                                   (SPEED) Task Force – including SE-
            novative financing tools and process                                                                  QRA reform in the newly-approved
            reforms to help public dollars go fur-                                                                state budget – the City will cut eight
            ther. It also advances an ambitious                                                                   months from the development time-
            land-use agenda to create more hous-                                                                  line  for  all  affordable  housing  proj-
            ing of all kinds across New York City.                                                                ects and as much as two years   for
                Block by Block is paired with a                                                                   projects requiring rezonings.
            nearly $5 billion investment over the                                                                     The plan also outlines strategies
            next two years for new rent-stabilized   neighborhood is a part of that growth.  is driving its affordability crisis, and   to maximize the use of City-owned
            affordable housing, including dedi-  With a historic investment in afford-  that meeting this moment requires   land  for  both 100%  affordable and
            cated commitments to affordable se-  able housing and an ambitious land   ambitious land use action,” said Sid-  mixed-income housing, including
            nior housing and supportive housing.  use agenda including new tools sup-  eya Sherman, Director of the Depart-  housing co-located with public facili-
                Support for the plan has contin-  ported by voters, we can turn the tide   ment of City Planning. “By advancing   ties such as libraries and schools.
            ued to grow since its release, includ-  on our housing challenges and ensure   neighborhood plans that mandate af-  “No single tool will get our city out
            ing endorsements from New York    that New Yorkers have the options   fordability, using new voter-approved   of its housing crisis. I commend the
            City Public Advocate Jumaane Wil-  they  need, whether they  are looking   tools like the Affordable Housing Fast   administration for a framework that
            liams, four Borough Presidents, labor   to grow their family, age in place or   Track, and unlocking more homes   uses so many of the tools available:
            leaders, housing organizations and   move closer to family,” said Leila Bo-  near transit across the city, we will give   recognizing that we need to not only
            tenant advocates.                 zorg, Deputy Mayor for Housing and   New Yorkers more housing options   build but preserve units, setting in-
               “New Yorkers deserve a housing   Planning.                       of all types and create a fairer, more   come-targeted affordability goals, and
            plan that meets this crisis with am-  “Every  day,  rents  rise  and  our   affordable city for people to live in.”  prioritizing investment in NYCHA.
            bition, scale and urgency it demands.   neighbors are pushed out of this city—  Through Block by Block, the   In addition, this strategy centers not
            If we want New York City to remain   simply because there aren’t enough   Mamdani administration is advancing   only  quantity,  but  quality  –  increas-
            a place where working people can   homes. Fixing that means building   an ambitious land-use agenda, that   ing the availability of HPD enforce-
            afford to live and build a future, we   more housing: we’re planning to   includes a citywide transit-oriented   ment to correct poor conditions and
            have to build far more housing and   create  a  record  200,000  affordable   development proposal to meaningful-  supporting homeless New Yorkers as
            give New Yorkers housing options of   homes  over  the next decade,  across   ly increase housing near public transit,  they seek permanent housing,” said
            all types, across the entire city. Block   every single neighborhood,” said   giving New Yorkers greater access to   Public Advocate Jumaane Williams.
            by Block is an all-of-the-above strate-  Housing Commissioner Dina Levy.  all the city has to offer.  “Meeting  the  scale  of  our  housing
            gy to deliver the homes New Yorkers   “Block by Block is an ambitious vision   The  plan  also  incorporates  new   and homelessness crisis means going
            need , including 200,000 new afford-  of a more affordable city, where every   land-use tools approved by voters in   borough by borough, block by block
            able homes over the next decade,”   New Yorker has the chance to rent or   November that are speeding up the   to meet the needs of both individual
            said Mayor Mamdani.               own a home they can afford, in the   development of affordable housing   communities and our entire city, and
               “We cannot become a more af-   neighborhood they want.”          and ensuring every neighborhood   I look ahead to engaging in that criti-
            fordable city without building a lot   “Block by Block recognizes that   contributes to the city’s housing   cal effort as this framework begins to
            more housing and ensuring that every   New York City’s housing shortage   growth. In addition, the Mamdani   shape our neighborhoods.”

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