Andrew Cuomo is pledging he would as mayor “cut out the bureaucracy” from New York City’s Department of Housing Presevation and Development, arguing it’s riddled with “red tape” — a proposal welcomed by real estate industry players but one that is raising alarm bells among tenant advocates.

The issue emerged in Wednesday night’s first Democratic mayoral primary debate , when Cuomo said he would “blow up” the department in order to address the city’s housing crisis.

The agency — which is tasked with helping finance affordable housing construction, enforce tenant protections and administer certain rental assistance programs — has become an “obstacle” to the mission of building more apartments across the city, Cuomo added .

Asked Thursday to elaborate on what Cuomo meant, his spokesman

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