Summary:

NYC Mayor Zohran Mamdani just signed a set of housing-related executive orders.

• The city plans to step into the bankruptcy proceedings of Pinnacle Realty, pointing to thousands of violations and complaints as well as money owed to the city. Mamdani said the city plans to “seek immediate relief and improve living conditions for Pinnacle tenants.”
• One new task force, LIFT (Land Inventory Fast Track), will look for city-owned land that can be used for housing, with a report due in 2026
• Another new task force, SPEED (Streamlining Procedures to Expedite Equitable Development), is aimed at cutting red tape in permitting and approvals, focused on making it more affordable to build and easier to access housing across NYC