On this episode of Closed!, Mike Flynn and Lee Bergstein are joined by Keith Powers, New York State Assemblymember and former NYC Council Member, to break down the realities behind New York City’s housing affordability crisis. They discuss how decades of underbuilding, rising demand, and complex policy decisions have shaped today’s market—and why solving it is far more complicated than it seems.
Fixing NYC housing isn’t just about building more units—it’s about balancing tenant protections, development incentives, and the long-term sustainability of the city. In this episode, Keith Powers shares an insider perspective on rent stabilization, rezoning efforts, and office-to-residential conversions, offering a candid look at what’s working, what’s not, and what needs to change.
If you care about real estate, public policy, or the future of New York City, this is an episode for you!
Follow Keith Powers on social media at @keithpowersnyc
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