Summary：**Trump’s Housing Chief Warns Homeownership Crisis Looms Over Major U.S. City** *Scott Turner blast

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**Trump’s Housing Chief Warns Homeownership Crisis Looms Over Major U.S. City**
*Scott Turner blasts Mayor Zohran Mamdani’s rent freeze and tax proposals, warning that socialist‑leaning policies could push businesses out of New York City.*

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### Introduction
Former President Donald Trump’s appointed housing chief, Scott Turner, sounded the alarm on Tuesday that a deepening homeownership crisis threatens New York City’s stability. Speaking at a real‑estate forum in Manhattan, Turner criticized Mayor Zohran Mamdani’s recent rent‑freeze ordinance and proposed property‑tax surcharges, arguing that the measures constitute a “socialist progressive agenda” that will deter investment and push residents further out of reach of affordable ownership.

### Key Developments
Turner cited data showing that median home prices in the five boroughs have risen 12% year‑over‑year, while rental units under the new freeze have seen a 4% decline in new listings. He warned that the freeze, intended to protect tenants, inadvertently reduces landlord incentives to maintain or upgrade properties, leading to deteriorating housing stock. Simultaneously, the mayor’s plan to increase taxes on high‑value properties to fund affordable‑housing initiatives has drawn pushback from developers, who claim the added burden will make new projects financially unviable. Turner emphasized that these combined policies could accelerate a trend already observed in other major metros: businesses relocating to suburbs or lower‑tax jurisdictions, eroding the city’s tax base.

### Industry Analysis
Real‑estate analysts note that rent‑control measures often create a mismatch between supply and demand. When landlords cannot raise rents to cover rising maintenance costs, they may convert rental units to condos or withdraw them from the market altogether, tightening availability for prospective buyers. Moreover, higher property taxes