REMARKS
Commissioner Carrión on market needs and private sector involvement
3:14:22
·
45 sec
Commissioner Adolfo Carrión Jr. addresses the importance of meeting market needs and highlights the role of the private sector in housing production. He emphasizes that the proposed changes respond to real market demands and benefit overall housing development.
- Carrión notes that most housing production comes from privately owned sites
- He states that almost half of new construction in recent cycles involved private sites using incentives
- The commissioner stresses the importance of maintaining robust relationships with private partners for housing development
Adolfo Carrión Jr.
3:14:22
Counsel member, thank you, and thank you for your kind comments.
3:14:25
And, you know, I would just add to that that it answers a very real market need, and I think that's a smart thing to do.
3:14:34
I just want to note that most of our housing production is from privately owned sites that come to us.
3:14:41
And almost half of our new construction production
Kevin C. Riley
3:14:45
in
Adolfo Carrión Jr.
3:14:45
the last two cycles was from private sites that were using the incentive to do execute on their projects.
3:14:56
And and so we're gonna continue that robust relationship with the private partners who come to us and say, we wanna do development in in New York City.
