{"id":11248,"date":"2026-05-26T17:16:20","date_gmt":"2026-05-26T17:16:20","guid":{"rendered":"https:\/\/8657085.xyz\/?p=11248"},"modified":"2026-05-26T17:16:20","modified_gmt":"2026-05-26T17:16:20","slug":"real-estate-business-leaders-blast-mamdanis-nyc-housing-plan-as-heavy-handed-big-government","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=11248","title":{"rendered":"Real estate, business leaders blast Mamdani&#8217;s NYC housing plan as heavy-handed big government"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script 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{}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div>\n<p>Zo\u2019s building a house of cards.<\/p>\n<p>Big Apple real estate and business leaders blasted socialist Mayor Zohran Mamdani\u2019s freshly unveiled housing plan Tuesday for pressing a heavy government hand on private enterprise.<\/p>\n<p>Mamdani\u2019s goal of building 200,000 new affordable homes is a \u201cmoral imperative,\u201d but his decisions to do so by imposing potentially crushing minimum wage mandates and restricting property sales will slow construction and preservation, argued Steve Fulop, president of the Partnership for New York City.<\/p>\n<p>Fulop pointed to the \u201ccautionary tale\u201d of St. Paul, Minnesota, which he claimed saw an 80% drop in construction after aggressive housing regulations.<\/p>\n<figure class=\"wp-block-image aligncenter size-large\"><button class=\"button button--modal-trigger\" aria-label=\"Open the image in a modal.\" data-modal-image=\"39490237\"><br \/>\n\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"icon-plus\" fill=\"#fff\" viewbox=\"0 0 1033 1000\" width=\"1em\" height=\"1em\"><path d=\"M380 364V0h273v355h380v290H653v355H380V645H0V355h380v9z\"\/><\/svg><br \/>\n<\/button><br \/>\n<img style=\"aspect-ratio:1.5147929;display:block\" fetchpriority=\"high\" decoding=\"async\" data-modal-image=\"39490237\" width=\"894\" height=\"590\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?w=1024\" alt=\"Mayor Zohran Mamdani speaking at a podium in front of a crowd holding signs that read &quot;Block by Block&quot; and &quot;Invest in Stable Homes&quot;.\" class=\"wp-image-39490237\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?quality=75&amp;strip=all 6562w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=300,198&amp;quality=75&amp;strip=all 300w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=768,507&amp;quality=75&amp;strip=all 768w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=1024,676&amp;quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=1536,1014&amp;quality=75&amp;strip=all 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=2048,1352&amp;quality=75&amp;strip=all 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=600,396&amp;quality=75&amp;strip=all 600w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=878,579&amp;quality=75&amp;strip=all 878w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=744,491&amp;quality=75&amp;strip=all 744w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=576,380&amp;quality=75&amp;strip=all 576w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=478,316&amp;quality=75&amp;strip=all 478w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=440,290&amp;quality=75&amp;strip=all 440w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=424,280&amp;quality=75&amp;strip=all 424w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=195,130&amp;quality=75&amp;strip=all 195w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=180,119&amp;quality=75&amp;strip=all 180w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=171,114&amp;quality=75&amp;strip=all 171w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=160,107&amp;quality=75&amp;strip=all 160w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=144,96&amp;quality=75&amp;strip=all 144w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=107,71&amp;quality=75&amp;strip=all 107w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=93,62&amp;quality=75&amp;strip=all 93w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=84,56&amp;quality=75&amp;strip=all 84w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=61,40&amp;quality=75&amp;strip=all 61w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=106,70&amp;quality=75&amp;strip=all 106w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=82,54&amp;quality=75&amp;strip=all 82w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=200,132&amp;quality=75&amp;strip=all 200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=231,152&amp;quality=75&amp;strip=all 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=322,213&amp;quality=75&amp;strip=all 322w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=664,438&amp;quality=75&amp;strip=all 664w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=91,60&amp;quality=75&amp;strip=all 91w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=121,80&amp;quality=75&amp;strip=all 121w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=1200,792&amp;quality=75&amp;strip=all 1200w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=87,58&amp;quality=75&amp;strip=all 87w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=234,154&amp;quality=75&amp;strip=all 234w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2026\/05\/housing-plan-new-era-plan-128765976.jpg?resize=50,33&amp;quality=75&amp;strip=all 50w\" sizes=\"(max-width: 894px) 100vw, 894px\"\/><figcaption>Mayor Zohran Mamdani speaking at a press conference Tuesday to announce his administration will build 200,000 affordable housing units, along with other housing-related initiatives. <span class=\"credit\">Gregory P. Mango<\/span><\/figcaption><\/figure>\n<p>\u201cSt. Paul has since been forced to walk back those policies,\u201d he posted on X. \u201cNew York City cannot afford to run the same experiment.<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>Follow live updates on Mayor Zohran Mamdani\u2019s socialist agenda and the latest in NYC politics<\/strong><\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p>\u201cWhen government positions itself as the primary driver of housing production and treats private capital as an obstacle rather than a partner, the people who pay the price are the working New Yorkers this plan is trying to help.\u201d<\/p>\n<aside class=\"single__inline-module aligncenter wp-block-nypost-editor-primary-tag\">\n<\/aside>\n<p>Likewise, James Whelan, the president of the Real Estate Board of New York, contended the plan\u2019s dependence on union-backed project labor agreements will backfire.<\/p>\n<p>\u201cAt a time when we need to build as much housing as possible, we question why the City would choose to make projects more expensive to build and finance through the addition of costly and inflexible Project Labor Agreements,\u201d he said in a statement. \u201cNew York won\u2019t solve its housing supply crisis by undercutting its own laudable production goals.\u201d<\/p>\n<div class=\"single__inline-module inline-module inline-module--newsletter aligncenter inline-module--nypostbusinessunit aligncenter wp-block-nypost-editor-newsletter\" data-source-unit=\"Inline Newsletter Module Morning Report\">\n<div class=\"inline-module__inner\">\n<div class=\"inline-module__title-wrapper\">\n<div class=\"inline-module__unsubmitted-title-wrapper\">\n<h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\t\tStart your day with all you need to know\t\t\t\t\t\t<\/h3>\n<p class=\"inline-module__cta\">\n\t\t\t\t\t\t\tMorning Report delivers the latest news, videos, photos and more.\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<p><h3 class=\"inline-module__title headline headline--combo-sm-md\">\n\t\t\t\t\t\tThanks for signing up!\t\t\t\t\t<\/h3>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Mamdani\u2019s progressive allies were predictably more bullish on the plan.<\/p>\n<p>\u201cMayor Mamdani\u2019s housing plan is what a progressive all-of-the-above housing plan looks like,\u201d said Annemarie Gray, executive director of Open New York, in a statement.<\/p>\n<p>\u201cIt is very promising to see the Mamdani administration fully embrace an all-of-the-above approach that centers on building more homes, especially in the neighborhoods that have not done enough to be part of the solution, as a critical part of a progressive affordability agenda.\u201d<\/p>\n<\/p><\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; 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