‘Housing affordability can seem like an intractable problem – an issue where local policy makers are powerless in the face of national economic forces. The reality is quite different.’
Advocates from Buffalo to Brownsville and the LES to LA are voicing concerns about displacement. One local group has compiled a menu of policies to fight it.
Two Councilmembers invited neighborhood stakeholders to draft a rezoning plan. But it could encounter the same misgivings that top-down plans have faced.
The city’s announcement of a developer for one site and financing for the first phase of work at another encountered cautious optimism among neighborhood stakeholders.
The reality is that, no matter how streamlined its management nor how transparent its spending plans may be, NYCHA just does not have the resources it needs.