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You literally just described rent control.

That's kind of a joke right? it's a pilot program for 5 grocery stores? he wins votes off something that is something you admit is so inconsequential, while spending political capital to do it instead of other things? 2% margins baby

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Those apartments are already under rent control, and they'd be just as rent controlled if he allowed a rent increase. So, if "rent control limits supply", the supply will be limited no matter what he does.

My mistake, I thought you meant financial capital. I disagree. It seems like grocery prices are a real problem in New York, and the existing subsidy program isn't working. Ensuring people can afford food seems like an excellent use use of political capital, and if it works it can be scaled up.

And those groceries stores are seemingly the only solution to urban food deserts where martgins are too thin for grocers to open shop

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