At the dawn of Mayor Zohran Mamdani’s term, the City Council revived a housing bill that Eric Adams had vetoed in his final hours as mayor.  The bill, which Adams thought was too expensive, sought to boost homeownership with mandated financial support. It got through the Council at a moment when rental apartments were hogging the limelight and renters had solidified as Mamdani’s base.  Yet the legislation, which will cost somewhere between $31.8 million (the City Council’s estimate) and $85 million (Adams’ figure) annually, won the day. Its success illustrated the long-simmering tension in New York between tenants and would-be […]

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