Hours After Taking Office, NYC Mayor Mamdani Targets Landlords, Moves To Intervene In Private Bankruptcy Case
New York City Mayor Zohran Mamdani began his first full day in office Thursday by unveiling a series of aggressive housing initiatives, signing multiple executive orders and announcing that the city will intervene in a private landlord bankruptcy case involving dozens of buildings.
The announcements were made at a rent-stabilized apartment building in Brooklyn, where Mamdani outlined what he described as a decisive shift in how City Hall will confront landlords and protect tenants.
“Today is the start of a new era for New York City,” Mamdani said. “It is inauguration day. It is also the day that the rent is due.”
Mamdani said the new administration intends to act immediately rather than delay, stressing that it “will not wait to deliver action” and “will stand up on behalf of the tenants of this city.”
He described conditions faced by many New Yorkers returning home after his inauguration, saying that residents are dealing with rising rents while living in apartments where, he said, “bad landlords do not make repairs,” and tenants contend with problems such as cockroaches and insufficient heat.
Among the measures announced were three housing-focused executive orders. The first revives the Mayor’s Office to Protect Tenants, which Mamdani said will prioritize resolving complaints and enforcing accountability for dangerous housing conditions.
“We will make sure that 311 violations are resolved,” Mamdani said, adding that the city will pursue “slumlords” responsible for “hazardous and dangerous threats” to tenant well-being.
A second executive order establishes the LIFT task force, a land inventory initiative aimed at unlocking city-owned property for housing development. Mamdani said the task force will assess municipal land holdings and identify viable development sites by July 1.
The third order creates the SPEED task force — Streamlining Procedures to Expedite Equitable Development — which Mamdani said will focus on eliminating bureaucratic and permitting obstacles that slow construction.
Both task forces will operate under the supervision of Deputy Mayor for Housing and Planning Lila Joseph.
“These are sweeping measures, but it is just the beginning of a comprehensive effort to champion the cause of tenants,” Mamdani said.
Earlier Thursday, Mamdani signed executive order No. 1, rescinding all mayoral executive orders issued by Eric Adams on or after Sept. 26, 2024, unless they are formally reissued by the new administration. He also signed a separate order establishing the structure of his administration, including the responsibilities of five deputy mayors.
The Brooklyn building where the mayor spoke, located at 85 Clarkson Ave., is owned by Pinnacle Realty, which Mamdani labeled a “notorious landlord.” He said tenants there have faced persistent issues, including roach infestations and a lack of heat.
According to Mamdani, the property is one of 93 buildings linked to the same landlord, whose portfolio is currently in bankruptcy proceedings. He said the properties are slated to be auctioned to another landlord he claimed ranks sixth on the city’s worst landlord list and collectively carry more than 5,000 unresolved hazardous violations and 14,000 complaints.
“This is an untenable situation,” Mamdani said. “So, today we are announcing that we will be taking action in the bankruptcy case and stepping in to represent the interests of the city and the interests of the tenants.”
He said he has instructed his nominee for corporation counsel, Steve Banks, to pursue what he described as “precedent-setting action” in the case.
“We are a creditor and interested party,” Mamdani said, adding that the city is owed money and intends to fight for “safe and habitable homes” while working to “mitigate the significant risk of displacement” facing residents.
A tenant who spoke at the event detailed long-standing safety problems in Pinnacle-owned buildings, saying that a section of hardwood flooring in the speaker’s mother’s apartment has gone unrepaired for seven years.
“When they filed for bankruptcy this spring, Pinnacle gambled on making our housing less affordable and our lives more miserable,” the tenant said.
{Matzav.com}
