Is Mamdani’s “tenant equity” program oxymoronic? Or just moronic?

It seemed like a far-left fantasy — not a serious idea but something to titillate the base: on page 38 of Zohran Mamdani’s housing plan, a program to give tenants part-ownership of their buildings. But last week his housing commissioner, Dina Levy, said the administration is having “really interesting conversations” with for-profit real estate firms about making it happen. “So if a building is performing well and rents are being paid and the building is appreciating,” Levy said at a conference, “could tenants in some way basically share in that appreciated value through some type of equity stake in the […]

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