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Posted on 01/12/2026 4:00:39 AM PST by Libloather
A federal judge blocked New York City Mayor Zohran Mamdani's effort to intervene in the sale of thousands of rent-stabilized rental properties on Thursday.
Mamdani's administration had sought to slow the sale of the properties after tenants complained that the seller, Pinnacle Group, had poorly maintained the properties and were concerned that the prospective buyer, Summit Properties USA, would have similar issues.
Mamdani's administration attempted to intervene on the basis of being a creditor to Pinnacle. The company owes the city over $12 million in unpaid fines, according to Gothamist.
Bankruptcy Judge David Jones rejected Mamdani's effort, however, setting back the new mayor's first foray into NYC's housing market.
Jones could approve the sale to Summit as soon as this Thursday, but Mamdani's administration says they are still looking at options.
"We will continue to fight to ensure any owner of this portfolio makes necessary repairs to bring the buildings up to code and respects the rent stabilization regulations," Leila Bozorg, the city’s deputy mayor for housing, told the outlet.
The court defeat comes on the heels of another controversy that bruised Mamdani's housing agenda, namely his hiring of Cea Weaver to lead the Mayor's Office to Protect Tenants. Weaver has previously stated that home ownership is a "weapon of white supremacy" and argued that property should be treated as a "collective good."
(Excerpt) Read more at foxbusiness.com ...
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I wonder if Mamdani doesn’t secretly want these kinds of rulings. That way he can still spout his nonsense, but avoid the consequences.
Is he that clever? Eh, probably not.
Laws....Schmaws. Mam damn me doesn’t need to follow laws....he’s a DEMOCRAT!
Government intervention in housing has not been beneficial to either landlords or tenants. How many government subsidized projects for housings have been successful? The ones I know of are all slums, in fact when I was a kid we didn’t call them slums, just “the projects”.
Does that mean that much of his plan for NYC would be illegal?
Unsurprisingly, the Federal judge said "no," since the law privileges the existing creditors and not the city's made-up fines.
That wasn't always the case: when I was a kid, my parents were friends with a Belgian couple who lived in NYC public housing: it was spartan, but clean and safe, because the city enforced standards.
Public housing started during WWII when material shortages and shortages of labor stopped most new construction.
Once public housing became simply "more free stuff for unaccountable minorities," they became crime-ridden s---holes.
“I won, didn’t I?”
He doesn’t care whether or not he actually does the things he’d said he’d do.
His only chance was to run as a (D), but how “democratic” is he really?
Because there are far more renters than landlords, the corrupt politicians are simply playing the “numbers” game.
Certainly a coalition or union of all of those from any type of trade or occupation can be built that refuses to help any politician whatsoever that wishes to affect property rights negatively.
It’s hard to maintain a property when government stops you from making any money
Mamdani’s showcase “affordable housing” unit in the Bronx has 194 code violations. Clean up your own mess, commie, before attacking others.
I’m guessing a good defense for Pinnacle would be arbitrary and capricious enforcement of city codes.
EC
The private housing can be sued and regulated.
Nobody can sue the government!
So, almost always, the government projects are the slums of the slums!
😭
annnnddd... liberals will now do a quick 180 and decry “partisan, out of control” judges.
True. I know of a couple of families that lived in a post WW2 housing development. In the mid 80’s the development was still in good shape, lawns mowed, houses painted, etc. I don’t know what it’s like today, but I bet it’s still in pretty good shape. On the other hand, some projects built during the 70’s became slums within 5 years. Hard for some landlords to evict troublesome tenants even those destroying property, and hard for some decent tenants to get landlords to fix things, plow snow, heating and air condition problems, etc. For those seeking to rent, they need to do their homework, research the apartment and the same goes for landlords. References don’t mean much, previous landlords will give a good reference just to get rid of bad tenants.
The bankruptcy (bk) courts are their own little world and have enormous power. They also defend their turf zealously. Don’t ever think you are going to waltz in to bk court and tell them what to do.
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