Zohran Mamdani: “In the 1980s, the Reagan administration implemented drastic…”

“Beginning in 1961, zoning reform reduced our housing capacity by 80%. Further bureaucratic changes only exacerbated how difficult it became to build. In the 1980s, the Reagan administration implemented drastic cuts to our public housing system. leading to decades of NYCHA's decline. In the 1990s, new rent stabilization loopholes incentivized landlords to increase rents and push New Yorkers out of their apartments.” (05:27–05:34)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.