Skip to content Skip to sidebar Skip to footer

The 200,000-Unit Question: Is de Blasio’s Affordable Housing Goal the Right One?

4 Comments

  • Larry Littlefield
    Posted February 9, 2015 at 10:44 pm

    The problem is, a whole generation is trying go pile into limited number of places.

    https://larrylittlefield.wordpress.com/2014/11/23/the-new-urban-crisis/

    Any “affordable housing” program will just provide a special deal to some people while others confront escalating rents. Who gets that privilege, and what of the rest?

  • cobblehillite
    Posted February 9, 2015 at 11:16 pm

    One of the major problems of developing affordable housing in NYC is the disconnect between supply and demand. the 50 percent community board preference in affordable housing projects has many unintended consequences — people in certain neighborhoods who win a lottery spot may be vacating a rent stabilized apartment, which the owner will deregulate exacerbating inequality. City requirements to set aside a percentage of low income units to special population (ie homeless families) decreasing supply for working poor. Providing apartment that can be financed (ie TAX CREDIT) create units with income limits that are below that of a teacher, cop, and many other lower-middle class and middle class workers. Meanwhile landlords are incentivized to rent stabilized apartments to the person with the most income, not the one who has the greatest need
    Not all affordable housing is the same. What type of housing, who will benefit, and where it is located are critical elements that are not being discussed. Also, landmarked neighborhoods will have less affordable housing, concentrating large buildings and lower income folks into the same neighborhoods. these neighborhoods will need schools and infrastructure as well

  • DanM
    Posted February 10, 2015 at 4:42 pm

    If you ask most ‘affordable housing advocates’ whether they would prefer new or rehabilitated housing that new residents could afford, or simply improving the housing and maintaining affordability for tenants in place, they will choose the latter. The debate isn’t really about affordability, it is about change. As far as affordability is concerned, there cannot be a serious debate until we define the term. If it is subsidized it is not affordable, in the sense that someone has to help pay for it. Referring to subsidized housing as affordable housing is a misnomer that clouds any policy discussion.

    • native new yorker
      Posted February 12, 2015 at 11:58 am

      Of course it’s subsidized by NYC taxpayers. Calling it ‘affordable’ is a marketing tactic. NYC homeowners recently received property tax increases of around 6%, that’s whose pockets the money for this latest scheme is coming from. BTW, no builder can make a profit in NYC with a 50% ‘affordable’ requirement. Land and labor costs make that goal impossible.

Leave a comment

0/5

To better help City Limits know and serve our community, please select all that apply: