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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.
