Housing advocates have called on the city and state to develop a $10 billion relief package that includes a moratorium on rent, mortgage and utility payments
Advocates hoping to fend off aggressive investor interest think they might get a new defensive weapon: a cease-and-desist zone covering all of Brooklyn.
Affordable homeownership was an ingredient in the prescription that brought New York City back from the dead. Now, some experts say, it is homeownership that needs saving in New York.
‘The low- and middle-income communities in our city are bearing the brunt of the burden, essentially subsidizing the property taxes of our city’s most wealthy and affluent areas.’
The activist turned developer pitched a community land trust based not around collective ownership of affordable housing but private owners with deep roots in gentrifying areas. Not everyone loved the…
‘CLTs achieve a delicate balance of providing families with the opportunities of homeownership, like building equity and providing stability, while also protecting public resources in perpetuity.’
‘We must institute policies and programs to ensure that every New Yorker has access to affordable homeownership. It is how we can revitalize the middle class in New York City,”…
Income-restricted cooperatives comprise some 30,000 apartments in more than 1,300 formerly abandoned or distressed multi-family buildings. The city’s proposed regulations to stabilize this key affordable-housing stock have met with opposition—some…