Old Skyscrapers Are Being Transformed into Housing Projects in New York

New York Mayor Zohran Mamdani launched a giant transformation project to find a solution to the city's housing problem. Within the scope of the project, an old skyscraper will be converted into modern residential areas that can accommodate 4 thousand people and made available to the public.

In approximately 1,000 flats included in the transformation process, permanent affordable price guarantee and active rent control will be implemented for residents. This move aims to alleviate the housing crisis in the metropolis and increase accessible living spaces.