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Mamdani unveils housing tracker to increase affordable units
New York City Mayor Zohran Mamdani announced initiatives to address the city's severe housing shortage, including constructing over 50,000 apartments on publicly owned sites and implementing a housing tracking technology called LIFT. These efforts are part of his broader plan to build more affordable homes and reduce high living costs, aiming to create over 200,000 affordable units over the next decade. The city faces persistent challenges with permit restrictions, high costs, and zoning rules that hinder affordable housing development.
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