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Zohran Mamdani: “In this city, the most expensive city in the United States…”

Featuring: Zohran Mamdani, Democratic | Mayor of New York City

Mayor Mamdani Holds Press Conference to Make a Housing Announcement

Published May 13, 2026 | Video Starts at 07:28

That is what speed is all about. Helping government deliver tangible solutions at the scale this crisis demands and at the speed New Yorkers deserve. Because we know that In this city, the most expensive city in the United States of America, time is money. And it is now our job to cut that time down, to make it easier for New Yorkers to not just find new housing, but to move into it as well. (07:28–07:34)

CLAIM

Asserts that New York City is the most expensive city in the U.S., emphasizing the importance of time efficiency.

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.

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Zohran Mamdani

“Our vacancy rate currently stands at just 1.4%, meaning only one in 70 rentals is available at any given time.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 03:20-03:28
“We were investing more than $26 million to increase the funding into hate crime prevention programs by more than 800%.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 29:36-29:45
“On my first day in office, we signed an executive order creating the speed task force.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 04:12-04:18
“Today I am proud to release our city's first ever speed Report.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 04:29-04:35
“We will address the first three issues by cutting duplicative red tape, streamlining communication and reducing the pre certification…”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 05:26-05:40
“We will also cut five months from the permitting timeline from both new construction and office to housing conversions.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 05:47-05:54
“Once this system is remade, we will cut the time it takes from the completion of a building to the day New Yorkers can move in in half from…”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 06:17-06:29
“We proposed New York City's first ever expedited land use review procedure.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 06:38-06:43
“We are investing an additional $4 billion in in HBD capital funds over the next five years, with an additional $500 million more in fiscal…”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 07:00-07:14
“We want to cut the ribbon on new housing and we will do so by cutting the red tape that's in its way.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 07:13-07:20
“Helping government deliver tangible solutions at the scale this crisis demands and at the speed New Yorkers deserve.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 07:21-07:28
“It is now our job to cut that time down, to make it easier for New Yorkers to not just find new housing, but to move into it as well.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 07:34-07:42
“We're talking to our partners at the state level.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 20:22-20:25
“We continue to be in conversation with our partners at the city Council around the question of the expansion of [the city FEPS] program.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 20:33-20:33
“Yesterday we spoke about how we're going to safeguard and steward [the city FEPS] program as it exists today.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 20:38-20:43
“We are fully confident in the quality of the construction that will move forward.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 21:22-21:27
“We are speaking about today is cutting the pre certification timelines.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 21:26-21:32
“We can cut the time in half that it takes for someone to move into a house.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 22:34-22:38
“Housing is the number one crisis facing New Yorkers.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 22:54-22:57
“Our administration firmly believes that the public sector should be given the opportunity to deliver public excellence.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 24:39-24:47
“The SRG, as it currently stands, is an active part of the NYPD, and I'm working with the police commissioner to end the SRG.”
Mayor Mamdani Holds Press Conference to Make a Housing Announcement | Uploaded May 13, 2026 | 30:55-31:04