Mamdani Administration Releases “SPEED” Reforms to Deliver Affordable Housing Faster

Mamdani Administration Releases "SPEED" Reforms to Deliver Affordable Housing Faster

NEW YORK - Today, Mayor Zohran Kwame Mamdani, Deputy Mayor Leila Bozorg and Deputy Mayor Julia Kerson released the Streamlining Procedures to Expedite Equitable Development ("SPEED") report, a sweeping set of reforms to deliver affordable housing faster across New York City.

"Every month matters in a housing crisis. The SPEED Task Force is taking on the exact delays that make it harder, slower, and more expensive to build affordable housing in New York City, from approvals and permits to financing, and everything in between. Cutting more than two years from the process is a big deal. It means more homes delivered faster, more jobs created sooner, and lower costs for the public and building industry professionals doing this work," said Carlo A. Scissura, Esq. President & CEO, New York Building Congress. "We applaud Mayor Mamdani and his team for focusing on the nuts and bolts of housing production. Building Congress members are ready to help turn these reforms into shovels in the ground and keys in the hands of New Yorkers."