Top Executives at Bank of America and Goldman Sachs Urge New York Mayor to Address Housing Affordability Crisis. In a surprising move, the CEOs of two of Wall Street's most influential banks have stepped into the fray on New York City's housing affordability crisis. Bank of America Corp. and Goldman Sachs Group Inc. leaders have reportedly urged New York Mayor Zohran Mamdani to prioritize the construction of more apartments in the city, in an effort to alleviate the strain on affordability. The move comes as housing costs in New York continue to skyrocket, leaving many residents struggling to find affordable places to live.
The heads of Bank of America Corp. and Goldman Sachs Group Inc. said this week they’ve pressed New York Mayor Zohran Mamdani to get more apartments built in the city, a move they said would help with affordability.
