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Charles Loving's avatar

The author identifies that the "city’s far left is engineering a gradual transfer of housing from private ownership to quasi-public control by politically connected nonprofits." He's probably right, but he doesn't follow through to identify the reason for doing this. What is the endgame for them? Is it just political spoils going to the nonprofit cartel? That's a lot of trouble just to steer some power to an ally.

I don't live in NYC. Can anyone expand on this?

John Ketcham's avatar

Hi Mr. Loving, thank you for your message and interest. I have written elsewhere about the connection between Mamdani’s agenda and the likely expansion of New York City’s nonprofit sector, including in the in-text hyperlinked New York Post article and at greater length in Englesberg Ideas (please see below). Given this article’s focus on the city council’s air-conditioning bill, I felt that expanding on the nonprofit sector would likely have distracted readers.

In brief, Mamdani is likely to expand nonprofit contracts as a means of providing jobs for his base of young, educated leftists. Measures such as COPA and Intro 994 will encourage private owners of increasingly unprofitable rental properties to sell at distressed prices, with nonprofits positioned to receive preferential treatment in these transactions under COPA. This would advance the DSA’s agenda by further socializing housing while solidifying a reliable voting base.

https://engelsbergideas.com/essays/the-battle-for-new-yorks-soul/

https://cityjournal.substack.com/p/new-yorks-special-deal-for-non-profit (on COPA)