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New Fast-Track Housing Plan Unveiled in NYC

2/22/2026

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Story summary
  • The ballot measures approved in November empower Mayor Zohran Mamdani to expedite housing development in New York City.
  • Powerhouse Apartments, the first project under the new process, is an 84-unit affordable development in the Bronx and signals expansion to more city-owned lots.
  • The fast-track process reduces review time from seven months to 90 days.
  • One-bedroom units will start at $1,200.