QUESTION
What resources are needed to address NYC's housing crisis?
4:43:34
·
130 sec
New York City Comptroller Brad Lander discusses the multifaceted nature of the housing crisis and the critical need for more production across income levels, city subsidies, and program expansion.
- Lander emphasizes the need for more housing production across various income levels, highlighting the critical role of city subsidies for creating genuinely affordable housing.
- He suggests that effective housing solutions require diverse approaches, including both capital and staffing resources, and welcomes new program ideas.
- The comptroller advocates for modern versions of limited equity cooperatives as a part of the solution, indicating potential for affordable homeownership opportunities.
- Examples from Council Member Stevens' district demonstrate the effectiveness of past initiatives like limited equity cooperatives in providing affordable housing.
Althea Stevens
4:43:34
You know, the Mishalama thing is one of the things that I really am excited about and and and to work with your office on.
4:43:40
Just because that's something I think we need to be thinking about when we're thinking about housing and not just, you know, 11 one model.
4:43:47
But additional resources do you believe both capital from as well as staffing?
4:43:52
Do you think like we need as far as, like, HVD and stuff like that for for housing?
Brad Lander
4:43:56
And this is really I wish I thought there was a silver bullet on the on the housing crisis.
4:44:00
I think we need many different things, so we do need more production across a range of income levels.
4:44:06
And that's why I think both what's being discussed in Albany and that we haven't had the full chance to review them, the city of yes proposals are needed, but we wanna make sure as much as possible of that is genuinely and deeply affordable to working New York families And often that take city subsidy, that's why the capital dollars are so critical and why I spent so much time on the debt limit question.
4:44:29
We can't produce significant amounts.
4:44:31
Of affordable housing across all neighborhoods that are genuinely affordable to working class low income and modern income New Yorkers without city subsidies We've got some great programs, but we need some new ones.
4:44:43
And I really, when we think about limited equity, affordable limited equity cooperatives, a modern day version, they're not going to look like the towers of of Coop City, but there's so much room for multiple things.
Althea Stevens
4:44:54
Worked, and they were effective, right, when you think about I have I have one of my district Concourse Village that is effective, and it works.
4:44:59
And it was a way for middle class families to, like, have beautiful places to live in homes.
Brad Lander
4:45:04
And when you think about the debate we're having about the need for more density, imagine being able to say to your neighbors.
4:45:11
You know what's gonna happen as a result of this increase in density?
4:45:15
Your kids and your neighbors are gonna be able to buy a place they could not possibly buy.
4:45:20
Otherwise, I think it would shift people's openness
Gale Brewer
4:45:24
Mhmm.
Brad Lander
4:45:24
To the growth and development of new multifamily housing if they believed a significant chunk of that was gonna create affordable homeownership opportunities for New Yorkers who don't have
Althea Stevens
4:45:36
Yeah.
4:45:36
100% agree with that, and it creates roots and and have longevity in communities, which we're kinda missing in some of our communities.
4:45:43
Thank you.