"The uptick in rental delinquency isn’t new. It started six years ago, when the pandemic flung the city’s economy into chaos and plunged low-income New Yorkers into dire financial straits. But even as the city has rebounded, rent collection rates in affordable housing remain short of pre-pandemic levels. As costs balloon, landlords say insufficient rental income is threatening their ability to stay afloat."

It started 6 years ago, before he was mayor.

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The pandemic didn't end when Mamdani was elected. The economic impact from the pandemic is going to be felt for decades.