Zohran Mamdani Launches Housing Plans Post-Inauguration

New Leadership for New York Amidst Public Celebration

New York, United States – A massive crowd, a seven-block celebration, and chants for "taxing the wealthy" marked the public inauguration of Zohran Mamdani as the Mayor of New York City on January 1, 2026. He took the reins of a metropolis known for its wealth, promising significant changes.

In his inaugural act, just after midnight, Mamdani took his oath of office in an intimate ceremony at the entrance of the City Hall subway station, flanked by his wife, Rama Duwaji, and a historic Quran borrowed from the New York Public Library.

New Year’s Day was highlighted by a public celebration where Mamdani reaffirmed his oath before a crowd that filled the square around City Hall. Tens of thousands of supporters gathered in Lower Manhattan despite the cold, to witness his official assumption of office.

Mamdani, alongside prominent political figures such as Alexandria Ocasio-Cortez and Bernie Sanders, emphasized the importance of unity and solidarity, pledging a government dedicated to all citizens of New York.

“We demand that the wealthy and major corporations pay their fair taxes,” stated Sanders, supported by chants of “Tax the Rich” from the crowd. Mamdani promised to raise the corporate tax rate from 7.25% to 11.5% and to implement a 2% increase for those earning over 1 million dollars per year.

Another central promise of Mamdani's campaign was the freeze on rents for stabilized apartments. “Those living in these apartments will no longer have to fear rent increases,” he said. Shortly after his inauguration, Mamdani announced a series of executive orders related to housing, including the establishment of two task forces to address the housing crisis in New York.

“The housing crisis is at the heart of our accessibility crisis,” emphasized Leila Bozorg, Deputy Mayor for Housing and Planning. “These policy decisions can be made if there is the political will and the necessary resources.”