Q&A
Debate on balancing homeownership opportunities with rental housing needs
1:41:41
·
86 sec
Council Member Brooks-Powers and HPD officials debate the importance of creating homeownership opportunities alongside rental housing, highlighting different perspectives on addressing housing needs in New York City.
- Council Member emphasizes the desire for homeownership among renters and even some shelter residents
- HPD acknowledges the importance of homeownership but stresses the need to balance it with urgent rental housing needs
- Discussion touches on the potential for homeownership to create generational wealth
- HPD explains the challenges of addressing multiple housing needs with limited resources
Selvena Brooks-Powers
1:41:41
Sorry.
1:41:41
Not to catch you up because I just wanna clarify some.
1:41:43
Mhmm.
1:41:44
Because we have an obligation to house New Yorkers for sure.
1:41:48
But there are New Yorkers who are renting that wanna become homeowners.
1:41:52
There are New Yorkers in shelter that are city workers that have the bandwidth and would like to be homeowners.
1:41:58
That if we were creating these opportunities, it's avenues they would take advantage of.
1:42:03
So it's important to not just look at one avenue for New Yorkers, but to really look at it and create opportunities for New Yorkers to create generational wealth as well.
Kim Darga
1:42:15
When I Great.
Selvena Brooks-Powers
1:42:16
I know you all say this and you've said this in past hearings, and I I just really can't stand for it because that's saying that there's no New Yorker here or that's viewing that wants to be a homeowner, and that's not true.
Kim Darga
1:42:27
That's not what we're saying.
1:42:28
We agree with you.
1:42:29
I think the question is, like, what are what HPD has a certain resource pot, and the needs are extremely robust on the rental housing side.
1:42:41
Right?
1:42:41
We know there are a lot of people that are on house today, and we know there are a lot of people that are in housing is housing today that where the conditions are not great.
1:42:52
Right?
1:42:54
So the question isn't doing that do it, it's right how do we address the really urgent needs while also trying to provide these other opportunities.
1:43:06
So go ahead.
Ahmed Tagani
1:43:07
And just I'm gonna move into a I think we agree strategically.
