New York City Mayor Zohran Mamdani released a “Preliminary Citywide Racial Equity Plan” on Monday, outlining a broad framework aimed at addressing disparities in housing, education, income, and other areas across the city.
According to a press release from the mayor’s office, the report was delivered within the first 100 days of his administration and is intended to reshape how the city measures affordability and evaluates inequality.
Officials said the plan seeks to “establish a new framework for how New York City measures affordability, understands inequity and plans for a more equitable future.”
Mamdani said the report introduces a new cost-of-living analysis designed to reflect the financial realities faced by residents.
“The True Cost of Living Measure offers an honest account of what it actually costs to live in this city — and who is being left behind. It shows that this is not a crisis affecting a small minority of New Yorkers. It is a crisis touching the vast majority of our city, in every borough and every neighborhood,” Mamdani said in the press release.
He added that the impact of rising costs is not evenly distributed among residents.
“But we know this crisis is not felt equally. Black and Latino New Yorkers — who have been pushed out of this city for decades — are bearing the brunt. The Preliminary Racial Equity Plan is where we begin to reverse that pattern. These reports make one thing clear: we cannot tackle systemic racial inequity without confronting the affordability crisis head-on, and we cannot solve the cost-of-living crisis without dismantling systemic racial inequity.”