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flag Zohran Mamdani proposes a $100 billion housing plan to freeze rents and build 200,000 subsidized homes, sparking debate over government control vs. market solutions in NYC’s housing crisis.

flag Zohran Mamdani, a Democratic socialist and likely next mayor of New York City, has unveiled a $100 billion housing plan to freeze rents on about a million regulated units and build 200,000 new rent-regulated, publicly subsidized homes. flag His proposal, Housing by and for New York, calls for expanded government control to tackle the city’s housing crisis. flag Critics warn that New York’s already heavily regulated market—marked by a $78 billion repair backlog, overcrowding, and inefficient subsidies—may worsen under increased state intervention, citing stalled development, reduced private investment, and diminished incentives for maintenance and innovation. flag The debate centers on whether more government control or market-based reforms better address the city’s housing challenges.

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