AGENCY TESTIMONY
Challenges of increasing wages in affordable housing
0:06:16
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31 sec
Increasing wages in affordable housing comes with difficult trade-offs that can impact HPD's mission to address New York City's affordability crisis. The agency emphasizes the need for careful consideration when introducing new wage requirements for affordable housing projects.
- Wage increases can require trade-offs in affordable housing production
- Affordable housing has historically been treated differently due to its critical need
- Careful consideration is necessary when introducing new wage requirements
Ahmed Tigani
0:06:16
Increasing wages come at a price that can require difficult trade offs to that mission.
0:06:22
Affordable housing has historically been treated differently because of the widespread recognition.
0:06:27
Of how desperately we need to build and preserve as many affordable houses as we possibly can.
0:06:32
If we are going to introduce new wage requirements for affordable housing, we must do so carefully and consider the impacts of this bell on our mission to address New York City's ongoing affordability crisis by building preserving and maintaining affordable housing.
