Zohran Mamdani: “We will reduce operations costs for existing affordable…”

“One of these strategies will develop a revolving loan fund for shovel ready developments that need a little extra help to find that financing. Finally, We will reduce operations costs for existing affordable housing providers by investing $100 million to back a new lower cost insurance program in 2027. These are a lot of changes, but each of them matters. We are here, just down the street from Hallett's north where both market rate and affordable homes will soon rise.” (03:52–04:03)

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.