NYC Mayor Vows to Tackle City's Crushing Affordability Crisis Head-On

Mayor of New York City Mamdani takes on new role to address the city's severe affordability crisis, where 100,000 people sleep in homeless shelters every night and households spend over half their income on rent. The crisis is characterized by high housing costs, leaving many residents struggling to make ends meet. Mayor Mamdani aims to implement policies to increase affordable housing options and reduce the burden of unaffordable rent on city residents.