Zohran Mamdani: “We want to cut the ribbon on new housing and we will do so…”

“… in in HBD capital funds over the next five years, with an additional $500 million more in fiscal year 2031 to build and preserve affordable housing across the five boroughs. We want to cut the ribbon on new housing and we will do so by cutting the red tape that's in its way. 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.” (07:13–07:20)

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.