Skip to main content

What can New York City leaders do to retain and build affordable housing?

There are actions we can take to retain and build low-income housing:
  1. The collusion between landlords, state officials and state and city legislators who control housing law is a story yet to be told but at a minimum the state must end vacancy destabilization and give the city control over rent control and rent stabilization units. In order to wrestle rent regulation away from the state, the Democratic Party has to take back the New York Senate.
  2. Every mayor in modern times, including Bloomberg, could have limited the rent increases in rent stabilization apartments if they had chosen pro-tenant appointees to the Rent Guidelines Board but they did not. Mayor de Blasio has named people to the board who voted to freeze increases. This needs to continue.
  3. Another part of the loss of affordable housing was through the loss of apartments in the Mitchell-Lama program or other programs that give tax exemptions in return for affordable units. The answer to the lack of affordable units stares all New Yorkers in the face. Affordable units must remain affordable for the life of the building and not end after 20 to 35 years. Other cities have required this; so must the city
  4. The city needs to buy back Battery Park City and use increased property tax revenues or commercial sales to build affordable housing.


Popular posts from this blog

Free Trade?

What is free trade? Free trade means that nations agree to trade goods and services without government interference – no tariffs, no underlying government regulation. The concept of free trade is supported by mainstream economics (neoclassical) which assumes that there is a level playing field worldwide; that free trade means governments do not help the private sector.

However, we know that is not the case. China’s government has put enormous investment in certain of its industries. One example is solar energy. China’s government has invested in this industry with the result that China now leads the world in the production of solar panels. There are dozens of examples of governments investing in private companies to help them in the tough worldwide competition that has developed.

America companies who put their manufacturing plants in China benefit enormous. It is called the “free rider.”  American companies with manufacturing plants keep reaping all the rewards of selling…

Mayor de Blasio admits homelessness cannot be eliminated immediately.

After three years of blaming his predecessor, Mayor Bloomberg, for moving so slowly on housing the homeless, Mayor de Blasio finally admitted that it will take years to house so many homeless people. Perhaps it isn't all Mayor Bloomberg's fault.
   To add a different perspective, let us take a look at New York State and its inability to commit resources to the city's problem. During the Bloomberg administration, the state cut funding to the homeless from $164 million in FY2002 to $110 million in FY2012, a 33 percent cut.  In addition, the state cut the funding to one of the few programs to permanently house the homeless, the Advantage Program. Not only did the state cut the program, but the state also passed legislation that the city could not use other state funds for the program.
   Then of course there is the federal government that has cut millions of dollars out of the public housing budget that houses so many of people in poverty. Thanks to the federal government, t…