The Aporia
Post Editorial Board. (2026, September 17). $60 million NYC housing-seizure debacle doesn’t deter Mamdani’s geniuses. New York Post. https://nypost.com/2026/09/17/opinion/60m-nyc-housing-seizure-debacle-doesnt-deter-mamdanis-geniuses/
Post Editorial Board. “$60 million NYC housing-seizure debacle doesn’t deter Mamdani’s geniuses.” New York Post, 17 Sept. 2026, https://nypost.com/2026/09/17/opinion/60m-nyc-housing-seizure-debacle-doesnt-deter-mamdanis-geniuses/.
Post Editorial Board. “$60 million NYC housing-seizure debacle doesn’t deter Mamdani’s geniuses.” New York Post, September 17, 2026. https://nypost.com/2026/09/17/opinion/60m-nyc-housing-seizure-debacle-doesnt-deter-mamdanis-geniuses/.
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Mayor Zohran Mamdani's housing agenda in New York City is facing criticism after the city recently settled a lawsuit for $60 million, stemming from an illegal seizure of residential units that occurred during the de Blasio administration. Despite this costly debacle, Mamdani plans to expand the "Third Party Transfer" program, which allowed the city to take over properties deemed in disrepair or delinquent on taxes and hand them to nonprofits for management. Critics argue that such practices can unfairly strip homeowners of their assets without proper compensation. The mayor's new initiative, called "Block by Block," aims to broaden the criteria for defining distressed properties, potentially leading to more seizures. This policy could exacerbate issues like rent control maintenance problems and tenant union-driven rent strikes, ultimately bankrupting landlords further and allowing the city to seize more buildings.