Mamdani’s plan to ‘transfer’ building ownership to tenants uses existing NYC programs – that have repeatedly failed
Mayor Zohran Mamdani has proposed a plan to transfer ownership of neglected buildings from bad landlords to responsible owners in New York City. This initiative, part of the 'Fix the City' program, relies on existing bureaucratic frameworks that have historically failed. Critics argue that the plan may not adequately address the complexities of building management and ownership.
- ▪Mamdani's plan aims to remove negligent landlords and transfer properties to responsible stewards.
- ▪The initiative utilizes existing programs that have a history of financial struggles and government bailouts.
- ▪A report found that many non-profit-run buildings in the city are financially underwater and in need of significant support.
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Metro exclusive Mamdani’s plan to ‘transfer’ building ownership to tenants uses existing NYC programs – that have repeatedly failed By Craig McCarthy Published May 27, 2026, 5:08 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Mayor Zohran Mamdani’s newly unveiled push to strip properties from bad landlords and bestow them onto “responsible” owners has been happening for years in New York City — and has repeatedly proven to be a failure, The Post has learned.
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