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Legislation Will Set Affordable Housing Targets for NYC Neighborhoods

2 Comments

  • SI homeowner
    Posted November 16, 2023 at 11:31 am

    LOL! Marjorie Velázquez’s defeat in the Bronx shows that middle-class NYC homeowners aren’t fooled by your ‘affordable housing’ nonsense. We all know that ‘affordable’ will turn into ‘low income’ in only a few years if not sooner as market-rate tenants flee those ‘affordable housing’ buildings. No NYC homeowner wants to bring the ghetto, and ghetto behavior, into their backyards.

    Bronx City Council upset bad for housing push Crains NY (pdf) – https://u.pc.cd/Ebj

  • Charles
    Posted November 21, 2023 at 10:12 am

    One weeks pay for one months stay!
    We have a baseline for wages but not accommodation.
    This makes no sense and simply doesn’t work.
    We need to mandate that all new multifamily complexes include a percentage of baseline units (300 Sq Ft) that can ONLY rent for 40 hours net pay at minimum wage.
    When the persons income exceeds +25% of minimum wage they are expected to move on to a market rate unit.
    This will eliminate the need to subsidize market rate units and will acomódate those on fixed incomes as well.

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