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The struggle over the Pinnacle properties became a central issue in the recent mayoral race, with housing advocates highlighting how New York City’s skyrocketing rents and housing expenses are adversely affecting low-income residents, potentially leading to increased homelessness. New York is known for having some of the highest housing costs in the country.
Mamdani focused his campaign on safeguarding rent-subsidized apartments. On inauguration day, he visited one of Pinnacle’s properties in Brooklyn, where he engaged with tenants and criticized the poor living conditions in the buildings.
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