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PUBLIC TESTIMONY

Testimony by Yoselin Genao-Estrella, Executive Director of Neighborhood Housing Services of Queens CDC

2:59:08

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125 sec

Yoselin Genao-Estrella, Executive Director of Neighborhood Housing Services of Queens CDC, expressed strong support for the proposed legislation to increase affordable homeownership opportunities in NYC. She emphasized the importance of creating affordable homeownership options for low to moderate income renters and how it can work alongside developing rental opportunities.

NHS of Queens serves over 8,000 neighbors annually, providing tools for affordable homeownership and rental counseling.
The lack of affordable homeownership options forces many Queens residents to wait up to 2 years for suitable properties or move out of NYC.
Over the last 2 years, NHS of Queens' homebuyers have collectively built $22,500,000 in equity, demonstrating the potential for wealth creation through homeownership.

Yoselin Genao-Estrella

2:59:08

Thank you.

2:59:10

Thank you.

2:59:11

Creating affordable homeownership for low to moderate income, renters, and developing homeownership opportunities are non mutually expensive.

2:59:21

They can work hand in hand.

2:59:23

Thank you to the council, and thank you for unspeaker Adams for your leadership at chairman Salamanca and the entire council for thinking this through and for for providing these strategies that New York City can offer comprehensive approach to housing my name is Jocelyn, and now it's Treja, and I'm the executive director of the Tiny Butmighty NHS of Queens.

2:59:51

Every year, we serve over 8000 of our casinos of our neighbors with the tools that they need to provide for affordable home ownership opportunities, rental counseling, and for them to stay in their homes.

3:00:06

We are truly a supporter of this legislation, and this is gonna go ahead and it's gonna create it's gonna build a generation of wealth for our communities.

3:00:19

The lack of affordable homeownership options really truly hampers our neighbors.

3:00:25

Our enriches of Queen's mortgage ready clients wait sometimes even 2 years for suitable properties.

3:00:34

And often they are frequently higher than anticipated.

3:00:38

This choice forces our neighbors to move out of New York City and even to out of the state.

3:00:46

And this is and the creation of of affordable homeownership is crucial on creating our in keeping our communities and allowing our neighbors to stay and thrive in New York City.

3:01:00

Over the last 2 years, I will have to share that our personal home buyers just in our small but tiny organization have built collectively a 22,500,000 in equity.

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Testimony by Kevin Wolfe, Deputy Director for Advocacy and Public Affairs at the Center for New York City Neighborhoods