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Q&A

Discussion on affordable homeownership and potential HPD program investments

1:35:16

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109 sec

Council Member Restler and Commissioner Carrión discuss the need for affordable homeownership opportunities in New York City and the potential for increased investment in HPD programs. They explore the possibility of allocating $2 billion over four years to address housing challenges.

Restler emphasizes the lack of affordable homeownership options in most NYC council districts
Commissioner Carrión welcomes additional resources and confirms HPD's ability to execute expanded programs
Discussion touches on community land trust initiatives and the importance of using public land for public good

Lincoln Restler

1:35:16

Look, I I completely understand that majority of renters in New York City are rent burden.

1:35:22

3rd of New York City renters are paying majority of their income and rent.

1:35:26

I think that's a majority of of residents.

1:35:28

Of districts like our chair.

1:35:32

I get I get it.

1:35:33

We also have no access to affordable homeownership in New York City except for a couple of a 51 council districts.

1:35:38

So that's a reality that we've unfortunately come to to experience in New York City.

1:35:44

So that's why we wanna create those pathways.

1:35:46

We also wanna get the worst landlords out of operation in New York City.

1:35:49

I appreciate your warmth and and interest in in receiving a major new investment in these areas.

1:35:56

I I hope that you take it as a a positive indicator that the council and the controller and public advocate are putting forward a plan that leans into existing HPD programs that are underutilized and not properly invested in by this mayor.

1:36:11

But if we were to allocate $2,000,000,000 over the next 4 years, could HPD spend that money effectively and make a major difference in addressing some of the affordable housing challenges that we have.

Adolfo Carrión Jr.

1:36:21

We we welcome additional resources and I

Lincoln Restler

1:36:24

will take that as a guess.

Adolfo Carrión Jr.

1:36:26

And we can execute.

1:36:27

You obviously saw it in the in the last cycle.

1:36:30

And and let me just say to sort of tip my head to some of the work that we're doing and some advocacy groups are doing with us.

1:36:38

The community land trust initiatives that are going on around the city.

1:36:43

These are opportunities that have sort of been on the burner already that we're working on.

Lincoln Restler

1:36:48

So And that's why I hope you'll implore bill public land for public goods so that we ensure that when city property is getting redeveloped, it's going to nonprofit affordable housing developers, including CLTs.

1:36:59

But with that chair, I will defer back to you.

1:37:02

Thank you very much commissioner and team.

1:37:03

Thank you, Kelson.

1:37:04

Member.

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Council member Feliz inquires about Open Door program and homeownership units