Cea Weaver

Money Moves

Leading city tenant-protection policy

The 38 Emerald Equity Group buildings in Northern Manhattan went to auction on Nov. 10. The portfolio includes about 850 rent-stabilized apartments. City officials tried to steer the sale to an affordable-housing developer, but the attempt failed, Gothamist reported.

Updated Yesterday

Rule Changes

Defends the 2027 sale as revenue enforcement paired with early outreach.

New York City will sell unpaid property-tax and water debts to private trusts again in mid-2027, Mayor Zohran Mamdani's administration said. The sale returns after the city suspended the 2026 sale for a review, and it falls short of Mamdani's campaign promise to stop the lien sale on Day One.

Updated Yesterday

Rule Changes

Appointed January 1, 2026

Zohran Mamdani became New York City's first Muslim and South Asian mayor on January 1, 2026, at age 34. His early months brought a $1.7 billion child care partnership with Governor Kathy Hochul, a two-year rent freeze and a $28 billion housing plan. His plan to tax the wealthy stalled against Council Speaker Julie Menin and Hochul.

Updated 6 days ago