Q&A
Incorporating homeownership opportunities in the universal affordability program
2:06:30
·
107 sec
Council Member Salamanca proposes incorporating homeownership opportunities into the universal affordability program, specifically suggesting that the 20% bonus in the program could be used for homeownership in communities doing their fair share. Director Garodnick acknowledges the council's interest in promoting affordable homeownership but notes that there are legal and policy issues to consider.
- The proposal aims to create an environment more conducive to homeownership, which has been declining over the past 20-25 years
- There are potential legal challenges in using zoning to distinguish between homeownership and rental properties
- The administration shares the goal of increasing homeownership opportunities
Rafael Salamanca, Jr.
2:06:30
Alright.
2:06:31
How can we achieve a better balance of homeownership development alongside affordable housing in communities that are doing their fair share?
2:06:39
Now many of our my colleagues were having our conversations as to how to better improve the city of yes.
2:06:45
And there's an idea in terms of your universal affordability program, the 20% bonus that that you're adding.
2:06:54
How can we incorporate where communities that are doing their 1st year?
2:06:58
That 20% bonus should actually be homeownership opportunities for residents in in the borough.
Daniel Garodnick
2:07:05
Thank you, Mister Chairman.
2:07:07
We appreciate that, and I noted the interest from the council about a potential bonus for affordable homeownership.
2:07:17
I will note that this proposal itself does a lot to create the environment for homeownership in a way that has been declining over the last 20, 25 years.
2:07:32
But the letter that you are referring to and this concept is raises some legal and policy issues that we need to take a look at here.
2:07:41
But we appreciate that what the counsel at least to me is saying is We want more affordable home ownership.
2:07:48
We want more opportunities.
2:07:49
We want to do more for the people that we represent.
2:07:53
This proposal is designed to create those opportunities.
2:07:57
So the short answer is We would have to take a look at that because it presents certain legal and policy issues about whether zoning can make the sorts of distinctions between homeownership versus rental.
2:08:07
Zoning generally is neutral on that point.
2:08:10
But the point is very clear to me.
2:08:13
That this council wants to see more homeownership opportunities, and we share that goal with you.
