"New York City is facing a generational affordability challenge. Working families are being priced out of the neighborhoods they built. To meet this moment, we need a true federal partner prepared to invest boldly and act urgently. I appreciated the opportunity to speak directly with President Trump about building more housing in any single project than our city has seen since 1973."
"The mayor's team crafted the project after the president told Mamdani to come back with big ideas to build big things together in New York City. The proposal seeks $21 billion in federal grants for a construction project at Sunnyside Yard, which would allow the city to build 12,000 new affordable homes, create 30,000 union jobs and deliver new parks, schools and health care clinics."
New York City Mayor Zohran Mamdani met with President Trump at the White House to discuss a major affordable housing initiative. The proposal requests $21 billion in federal grants for development at Sunnyside Yard, which would construct 12,000 new affordable homes, including 6,000 Mitchell-Lama style units. The project would generate 30,000 union jobs and include new parks, schools, and health care clinics. Mamdani emphasized NYC's housing affordability crisis, noting working families are being displaced from their neighborhoods. The mayor described the meeting as productive and expressed optimism about federal partnership. Trump was presented with a recreated 1975 newspaper headline changed from "Ford to City: Drop Dead" to "Trump to City: Let's Build," symbolizing the collaborative approach.
Read at National Mortgage News
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