In a bid to tackle the city's crippling affordability crisis, New York City Mayor Zohran Mamdani has unveiled a comprehensive package of policies aimed at making housing more accessible to residents. But will these measures be enough to stem the tide of rising rents and gentrification? To gauge their effectiveness, we take a closer look at how similar policies have worked in other cities, from rent control measures in San Francisco to community land trusts in Chicago. By examining the successes and setbacks of these initiatives, we can gain a better understanding of what it will take to make a real difference in the lives of New York City's struggling tenants and homeowners.
NYC Mayor Zohran Mamdani has proposed a slew of affordability policies. Here's how they've worked elsewhere.