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In Major Address, Mayor Turns to Income Side of the Housing Crisis

2 Comments

  • Robert Stern
    Posted February 14, 2017 at 11:10 am

    As gentrification continues to rise due to construction of luxury rentals and condos, one solution to prevent displacement, and enable lower middle-class residents to stay in their homes, could be a form of “community benefits agreement.” Developers, along with those landlords and institutions who receive huge “air rights” payments, should be compelled to allocate a portion of the “air rights” price and the development costs to an administered fund that would provide subsidies to those residents who are “rent burdened.”

  • native new yorker
    Posted February 14, 2017 at 4:43 pm

    Everything for tax-eaters, nothing for tax-payers.

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