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Mamdani’s deadly double standard for NYC apartment rehabs

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Why do progressives refuse to see how they’re killing the city’s housing market?

Consider Mayor Zohran Mamdani’s proud notice that Brooklyn’s Nostrand Houses complex is getting over $600 million in pubic support to rehab almost 1,200 NYCHA apartments, which works out to over $500,000 a unit — even as the state and city deny private landlords’ needs to spend anything like that to get their vacant apartments up to code.

NYCHA is falling apart, with a capital-needs shortfall approaching $100 billion; that’s how badly public ownership of residential apartments has failed the city.

Yet private owners of rental apartments are blocked by law from raising the rent........

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