REMARKS
Emphasis on affordable housing and home ownership opportunities
0:12:07
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53 sec
Council Member Riley stresses the need for more affordable housing and increased home ownership opportunities in New York City, particularly for Black and Brown families.
- Zoning alone cannot create affordability; more needs to be done to increase affordable home ownership opportunities
- Home ownership has been a source of stability for Black and Brown families in the council member's district
- Rising prices are making it difficult for families to buy homes, potentially pushing them out of the city
- The council member calls for secure, stable housing and opportunities for residents to own a piece of their neighborhood
Kevin C. Riley
0:12:07
Moreover, zoning alone cannot create affordability.
0:12:11
This proposal must also do more to increase affordable home ownership opportunities.
0:12:17
Home ownership in my district has been a great source of stability for black and brown families because prices were reasonable and families could buy a home.
0:12:28
Now very few people can't afford to buy a home and ultimately this pushes families out of the city.
0:12:36
Families in my district deserve secure stable housing and to own a piece of their neighborhood.
0:12:43
I look forward to hearing from the administration how we can address the infrastructure needs of existing residents and create more affordable home ownership opportunities.
0:12:53
I will now turn it over to speaker followed by chair Salamanca to give their opening statements.
0:12:59
Speaker Adams.
