⚡ FLASH NEWS: Eric Adams rips Mamdani’s rent freeze and jokes about buying homes outside his district ⚡

Mayor Eric Adams is taking a victory lap on his way out of Gracie Mansion, touting the 130,000 potential new apartments his administration paved the way for in his term.

“The record does not lie,” Adams told The Post.

But the record is far from spotless. Adams’ administration was plagued by corruption scandals, which saw several of his allies charged for bribery, campaign finance violations and obstruction, and resulted in a now-dismissed federal corruption case against Adams himself.

(Adams called the corruption charges “entirely false,” but that couldn’t save his rock-bottom approval ratings. Adams abandoned his re-election bid in late September.)

NYC Mayor Eric Adams speaking at a press event about expanding affordable housing.

Eric Adams called City of Yes his greatest housing challenge as mayor. Robert Miller

Still, the outgoing mayor frequently praises his time in office as “the most pro-housing administration in the history of New York City.”

Among his litany of ambitious housing policies, Adams called City of Yes his greatest challenge.

With the tagline of “a little more housing in every neighborhood,” the 2024 passage of City of Yes marked the first major overhaul of city zoning in six decades. Its hallmarks included the allowance of accessory dwelling units, eased parking mandates, new zoning districts and more office-to-residential conversions.

City Hall expects the plan to yield 82,000 housing units over the next 15 years. Add in the 48,000 units expected from neighborhood rezonings across The Bronx, Brooklyn, Manhattan and Queens, and you get the administration’s favorite number: 130,000 authorized units.

Plaintiff Phil Wong holds a sign that reads "Hell No! Hell No!! Hell No!!! to City of Yes!!" outside City Hall.

The mayor acknowledged his citywide push to increase housing density lost him voters. Paul Martinka

NYC Mayor Eric Adams speaks at a podium with the text "Office of Mayor Eric Adams, Making NYC More Affordable for New Families," with officials behind him and baby supplies next to him.

Adams said he is “cautiously optimistic” about passing the housing baton to Mayor-elect Zohran Mamdani. Paul Martinka

Adams’ bold push for housing supply won him praise from some of his political opponents — even Mayor-elect Zohran Mamdani gave City of Yes a shout out.

When it comes to placing all this progress into the hands of Mamdani, Adams said he is “cautiously optimistic.”

The mayor-elect is poised to reap the benefits of Adam’s rezonings, policies and charter changes.

“[Mamdani] has to understand that there’s a large number of his colleagues that, on Monday, they say housing is a right, and on Tuesday, they put in obstacles to block housing,” Adams cautioned. “I am leaving him with a foundation.”

That foundation is on somewhat shaky ground at the moment.

The mayor got recent flack for reversing his position on razing Elizabeth Street Garden, and saw his attempted rent hike for low-income New Yorkers on city vouchers — which Adams’ camp said was necessary to offset rising program costs — overriden by the City Council.

Mayor Eric Adams at a press conference at City Hall.

The mayor warned his successor against being too idealistic. Andrew Schwartz / SplashNews.com

Zohran Mamdani speaking at the Canal Park press conference.

Landlords say that a rent freeze would ice out owners and renters alike. Paul Martinka

Adams also takes issue with the knock-on effects of one of Mamdani’s signature housing policies — a citywide rent freeze for stabilized homes.

“You can’t be so idealistic that you’re not realistic,” he said

Stabilized housing accounts for an incredible 42% of the city’s rental supply. The vital asset class, already considered a money pit by many investors, is teetering on a knife’s edge of rising repair, labor and insurance costs.

Owners say that regulated rent hikes simply haven’t kept up, and warn that tenants will suffer the belt-tightening that comes with a rent freeze.

“You’re going to discourage small property owners from purchasing,” Adams said. “And you’re going to hurt those communities because of the lack of repair of housing.”

As for properties of his own, Adams told The Post he plans to land in his home borough of Brooklyn when he leaves Gracie Mansion.

Three multi-story brick residential buildings, with the center building (936 Lafayette Avenue) painted red and the two adjacent buildings (934 and 938 Lafayette Avenue) gray and dark red, respectively.

Adams said he plans to land on Lafayette Avenue after his term ends. Paul Martinka

Eric Adams standing in front of a fireplace with various personal items and art on the mantel, including a painting of abstract figures, framed photos, and a Buddha statue.

Adams invited reporters into the four-story townhome in 2021. Paul Martinka

Eric Adams standing in his bedroom, which has a large "DIVERSE-CITY" painting above the bed.

Adams said he plans to shop for other homes — hopefully they have more bedroom windows. Paul Martinka

“I’m looking forward to returning to my block on Lafayette Avenue, sitting in my backyard and enjoying all that comes with being a homeowner in that great borough,” he said.

That home on Lafayette Avenue is the same four-story brick townhouse in Bedford-Stuyvesant that Adams invited press to tour during his 2021 mayoral race — after a Politico report suggested he spent a bulk of his time in New Jersey.

Adams added that he’ll be shopping around “other parts of the city,” in the meantime.

“I’m pretty sure I will have residences in more than one borough during the next couple of years,” he said.

The incoming mayor’s predecessor left him with parting advice.

Forgoing any personal warning of Gracie Mansion’s purported ghosts “creeping around,” Adams had more policy-focused advice for the next mayor’s housing concerns: “He must be bold enough not to be popular.”

Related Posts

BREAKING NEWS: Buckingham Palace Confirms Catherine’s Condition Has Worsened, Forcing Indefinite Withdrawal from Royal Duties.x

The palace doors opened at 11:45 a.m.—and with them, a carefully guarded truth finally came into the light.What Buckingham Palace confirmed about Catherine, Princess of Wales, has stunned a nation…

Read more

BREAKING NEWS: King Charles Finally Speaks After Secret Diana Files Surface, Exposing What the Palace Tried to Bury.x

Twenty-seven years after her death, Princess Diana is shaking the monarchy once again.This time, it isn’t rumor, nostalgia, or conspiracy — it’s paper, ink, and a locked box the palace…

Read more

BREAKING NEWS: Royal doctors confirm serious health developments as King Charles begins urgent treatment phase.x

The smile was steady, the wave rehearsed—but behind palace walls, the mood had already shifted. What royal doctors quietly confirmed about King Charles’ health has forced the monarchy into a…

Read more

BREAKING NEWS: Princess Charlotte’s heartbreaking question reportedly left Prince William in tears.x

One quiet bedtime question shattered the illusion of normalcy inside Adelaide Cottage—and forced the Prince of Wales to confront a fear he has carried in silence for months. What began…

Read more

⚡ LATEST UPDATE: These 4 Country Songs Show How Luke Bryan Turned Storytelling Into a Signature Strength ⚡rub

Luke Bryan is a talented singer and performer, but he’s also a talented songwriter. Bryan has written several of his own hits, along with hits for other artists. We’re taking a closer…

Read more

📢 TOP STORY: You Probably Loved These 3 Country Songs in 1984—So Why Does No One Talk About Them Anymore? ⚡rub

Some of the best country songs came out in the 1980s, songs that went on to be big hits. These three songs all came out in 1984 and were No….

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *