Housing New York A Five Borough Ten Year Plan.
Table Of Content:
Executive Summary
Introduction
Chapter 1: Fostering Diverse, Livable Neighborhoods
30 Pursue Affordable Housing and Community Development Opportunities in All Five Boroughs
34 Make Strategic Investments to Support New Housing and Neighborhood Revitalization
36 Promote Mixed-Used, Mixed-Income, Communities Anchored by Affordable Housing
40 Create Quality Jobs and Workforce Development Opportunities for New Yorkers
Chapter 2: Preserving the Affordability and Quality of the Existing Housing Stock
46 Ensure the Safety and Habitability of the Housing Stock
49 Adopt a More Strategic Approach to Preservation
50 Preserve Government-Assisted Affordable Housing
52 Preserve Rent-Regulated and Unregulated Affordable Housing
53 Create New and Improved Preservation Tools
55 Promote Sustainability, Resiliency, and Long Term Affordability While Helping Building Owners Reduce Operating Costs
Chapter 3: Building New Afforsable Hiusing for All New Yorkes
62 Enable a Wider Range of New Yorkers to Benefit from the City’s Affordable Housing Efforts
64 Capitalize on Public Assets and Partnerships to Maximize Affordable Housing Opportunities
69 Change Zoning and Land Use Regulations to Promote Housing Creation
72 Remove Unnecessary Barriers and Delays to Developing Housing
74 Ensure That Housing Production Is Sustainable and Aligned with the City’s Changing Demographics
Chapter 4: Promoting Homeless, Senior, Supportive and Accessible Housing
78 Assist Homeless Individuals and Families
80 Expand Supportive Housing
82 Improve Housing Options for Seniors
84 Ensure Accessible Housing for Individuals with Disabilities
Chapter 5: Refining City Financing Tools and Expanding Funding
88 Target and Strengthen City Tax Incentives
92 Identify New Funding Streams to Fund Affordable Housing
92 Increase Private Leverage and Expand Existing Financing Tools
94 Strengthen Public/Private and Philanthropic Partnerships
96 Re-Evaluate HPD and HDC Programs to Stretch City Housing Subsidy Dollars Further
Chapter 6: Implementing the Plan
104 Notes
106 Glossary
116 Acknowledgements
New York City’s pre-eminence as the world’s leading city stems in large part from its unparalleled diversity. That diversity allows people from every imaginable background to live and work side by side, share aspects of their cultures, exchange ideas, then mix, match, and innovate to generate the art, literature, fashion, technology, and conceptual breakthroughs that are the envy of the world. And that diversity drives economic growth, as employers decide to locate in the City to take advantage of its incredible and multidimensional talent pool.
However, the City’s diversity is imperiled by the fact that more and more people struggle to afford to live here. New York attracts newcomers from around the nation and from every corner of the globe in part because of the opportunities it provides for people to make better lives for themselves and their families. But our role as a beacon of opportunity is threatened because people cannot afford to give the City a try. Too many existing residents also are shut out of opportunities because they are living in a neighborhood that lacks good schools and good jobs, are homeless, or are going without medical care and other essentials in order to pay the rent.
Wages for the City’s renters have stagnated over the last 20 years, increasing by less than 15 percent, after adjusting for inflation. During the same period, the average monthly rent for an apartment in New York City increased by almost 40 percent. As a result, most New Yorkers now have to spend an unacceptably high share of their income just to put a roof over their heads, which means having too little left over for other basic needs like health care, transportation, and even food. Housing costs, quite simply, are an increasingly serious threat to the future of our City Because affordable housing is so central to the City’s ability to thrive, the City has always led the nation’s municipal housing programs. We enacted the nation’s first tenement laws and established its first public housing development. In the late 1970s, the City launched efforts to combat the arson, neglect, and abandonment that had led to wholesale neighborhood decline. In that same decade, in the face of a fierce debate over “planned shrinkage”—depopulating and fencing off blighted areas and leaving them to die—the City took a more daring approach, seizing more than 100,000 distressed housing units from tax delinquent owners and investing its own resources to save them. Mayor Edward Koch committed the City to manage and rehabilitate these “in rem” properties as part of the visionary ten-year, $5.1 billion housing plan he launched in 1986.
The administrations of Mayors David Dinkins and Rudolph Giuliani continued to move the City’s in rem properties into private, responsible ownership and preserve the units as affordable housing. By the early 2000s, the in rem stock was largely back in productive use, but a booming economy made housing unaffordable to growing numbers of New Yorkers. Mayor Michael Bloomberg launched the New Housing Marketplace Plan (NHMP) in 2003, and expanded it in 2006, committing to build or preserve 165,000 units of affordable housing between 2003 and 2014. Following the economic collapse of 2008-9, the NHMP pivoted from addressing boom time challenges to dealing with the threat of large scale disinvestment, foreclosure, and neighborhood destabilization.
Book Details:
⏩Language: English
⏩Pages: 117
⏩Size: 2.65 MB
⏩Format: PDF
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