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TESTIMONY

Christie Peale from the Center for New York City Neighborhoods on City of YES Housing proposal's impact on affordable homeownership and racial equity

8:46:53

·

3 min

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Christie Peale, Executive Director and CEO of the Center for New York City Neighborhoods, expresses conditional support for the City of YES Housing proposal. She emphasizes the potential to increase affordable homeownership opportunities, particularly for Black and Latinx New Yorkers, and discusses the benefits and challenges of Accessory Dwelling Units (ADUs) for existing homeowners.

  • Highlights the need to leverage new capital funds and zoning changes to increase affordable homeownership supply
  • Stresses the importance of dedicated funding for outreach, technical assistance, and construction financing for ADUs to avoid exacerbating racial disparities
  • Calls for measures to protect neighborhoods from predatory pressures such as deed theft and speculation that may arise from rezoning
  • Support for City of YES Housing proposal with conditions
  • Potential to increase affordable homeownership opportunities, especially for coops and condos
  • Opportunity to leverage new capital funds with zoning changes to increase affordable homeownership supply
  • Need to address racial disparities in homeownership rates
  • Support for creation of ADUs (Accessory Dwelling Units) for homeowners
  • Importance of dedicated funding for outreach, technical assistance, and construction financing for ADUs
  • Focus on reducing gentrification pressures and helping families stay in their communities
  • Need to fight against predatory pressures like defect speculation

[EXPERIMENTAL]

Which elements of City of Yes for Housing Opportunity were discussed in this testimony?

  • ADU

The following are AI-extracted quotes and reasoning about which elements of the proposal were discussed in this testimony.

This is a quick, close approximation. Occasionally, the connection between a testimony's transcript and specific elements of City Planning's proposal is tenuous.

Read about this AI-generated analysis here.

ADU

"As a member of MHD, we support their recommendations around affordability, but I also wanted to talk about the potential for the proposal to maintain homeownership their creation of ADUs for homeowners that want to and homeowners that need to based on the fact that they've got reduced income."

This quote directly mentions ADUs (Accessory Dwelling Units) and discusses their potential benefits for homeowners, which is a key element of the City of Yes For Housing Opportunity proposal.

"Their 1,400,000, 1 to 4 family homes in the city, and many of these families could benefit from the opportunity to create ADUs."

This quote further elaborates on the potential for ADUs in the city, indicating that the speaker is discussing this specific element of the proposal.

"However, we really must emphasize that without a dedicated funding for outreach technical assistance and construction financing, If we allow for ADUs without those pieces, we're just going to increase the racial disparities across communities."

This quote shows that the speaker is critically engaging with the ADU element of the proposal, discussing potential issues and necessary support for its implementation.


About this analysis:

This analysis is done by AI that reasons whether or not a quote from the testimony discusses a particular element of the proposal.

All the prompts and data are open and available on Github.

You can search for testimonies that mentioned a specific element in the table on the main meeting page.

When an element is explicitly stated in the testimony (e.g. "Universal Affordability Preference" or "UAP"), the analysis is accurate.

But the connection between a quote from the testimony and an element of the proposal is sometimes implicit.

In these cases, the AI might eagerly label a testimony as discussing a proposal when the connection is tenuous, or it might omit it entirely.

↗ Why are there transcription and diarization errors?
Christie Peale
8:46:53
Thank you so much.
8:46:54
My name is Christy Peele.
8:46:55
I'm an executive director and CEO for the Center for New York City Neighborhood, where it is our mission to promote and protect affordable homeownership.
8:47:03
In New York, so that while working families from all backgrounds can build strong and thriving communities, thank you all for still being here.
8:47:12
We support the City of YES Housing proposal with conditions.
8:47:16
This is based on our work since 2008 with over 220,000 homeowners across the city and state.
8:47:22
We're going to talk about we'll have full written testimony to submit as well.
8:47:28
We really wanted to talk about new homeowner opportunities presented in the proposal.
8:47:33
There's the potential to align with the center's efforts and many others to ensure New Yorkers have equitable access to newly developed affordable homeownership, specifically coops and condos, to expand access to generational wealth building opportunities especially for New Yorkers who have been shut out of homeownership.
8:47:49
Furthermore, with a recent commitment of $2,000,000,000 in new capital funds, for affordable housing, thanks to the homes now campaign.
8:47:56
The city of yes proposal presents an opportunity to leverage this funding with the new 45 x tax abatement and zoning changes to radically increase the supply of affordable homeownership so that long time New Yorkers can have a chance to achieve homeownership.
8:48:11
We've done this in the past with Mittalama and we can do it again.
8:48:14
We heard over a third of New Yorkers, only a third of New Yorkers on their homes, but 41% of White New Yorkers own, whereas 26% of Black New Yorkers own and only 18% of Latinx New Yorkers own.
8:48:27
We will never close the racial homeownership gap unless we radically increase the supply of affordable homeownership in particular.
8:48:33
As a member of MHD, we support their recommendations around affordability, but I also wanted to talk about the potential for the proposal to maintain homeownership their creation of ADUs for homeowners that want to and homeowners that need to based on the fact that they've got reduced income.
8:48:52
Their 1,400,000, 1 to 4 family homes in the city, and many of these families could benefit from the opportunity to create ADUs.
8:49:00
However, we really must emphasize that without a dedicated funding for outreach technical assistance and construction financing, If we allow for ADUs without those pieces, we're just going to increase the racial disparities across communities.
8:49:14
This is particularly important for the center given our work on the Blackcomb ownership project, which we have launched to ensure that Black and Brown families central workers in all professions and industries in New York build generational wealth in the same way white families like mine have all across the city.
8:49:31
Increasing new affordable homeownership will reduce pressures on gentrifying areas and allow families and their members to buy new affordable homes but we need much, much more to help our neighborhoods in these neighborhoods fight against predatory pressures like defect, speculation, in other forces and help them stay in their communities and fight against the pressures that can be created by rezoning.
8:49:55
Thank you for the opportunity to testify.

Follow-up discussion/remarks

QUESTION

Commissioner Osorio inquires about racial equity recommendations in zoning proposal

8:49:59

·

102 sec

Commissioner Juan Camilo Osorio asks Christie Peale, Executive Director of the Center for New York City Neighborhoods, about recommendations for securing racial equity in the City of Yes Housing proposal. Peale emphasizes the importance of increasing homeownership for Black and Brown New Yorkers as a key indicator of success.

  • Peale suggests focusing on decreasing the decline in Black homeownership and increasing the number of Latinx homeowners
  • She recommends considering areas where multifamily, affordable homeownership like co-ops could expand access to ownership
  • Peale stresses the importance of community input in identifying sites that support affordable homeownership opportunities
  • Support for City of YES Housing proposal with conditions
  • Potential to increase affordable homeownership opportunities, especially for coops and condos
  • Opportunity to leverage new capital funds with zoning changes to increase affordable homeownership supply
  • Need to address racial disparities in homeownership rates
  • Support for creation of ADUs (Accessory Dwelling Units) for homeowners
  • Importance of dedicated funding for outreach, technical assistance, and construction financing for ADUs
  • Focus on reducing gentrification pressures and helping families stay in their communities
  • Need to fight against predatory pressures like defect speculation

[EXPERIMENTAL]

Which elements of City of Yes for Housing Opportunity were discussed in this testimony?

  • ADU

The following are AI-extracted quotes and reasoning about which elements of the proposal were discussed in this testimony.

This is a quick, close approximation. Occasionally, the connection between a testimony's transcript and specific elements of City Planning's proposal is tenuous.

Read about this AI-generated analysis here.

ADU

"As a member of MHD, we support their recommendations around affordability, but I also wanted to talk about the potential for the proposal to maintain homeownership their creation of ADUs for homeowners that want to and homeowners that need to based on the fact that they've got reduced income."

This quote directly mentions ADUs (Accessory Dwelling Units) and discusses their potential benefits for homeowners, which is a key element of the City of Yes For Housing Opportunity proposal.

"Their 1,400,000, 1 to 4 family homes in the city, and many of these families could benefit from the opportunity to create ADUs."

This quote further elaborates on the potential for ADUs in the city, indicating that the speaker is discussing this specific element of the proposal.

"However, we really must emphasize that without a dedicated funding for outreach technical assistance and construction financing, If we allow for ADUs without those pieces, we're just going to increase the racial disparities across communities."

This quote shows that the speaker is critically engaging with the ADU element of the proposal, discussing potential issues and necessary support for its implementation.


About this analysis:

This analysis is done by AI that reasons whether or not a quote from the testimony discusses a particular element of the proposal.

All the prompts and data are open and available on Github.

You can search for testimonies that mentioned a specific element in the table on the main meeting page.

When an element is explicitly stated in the testimony (e.g. "Universal Affordability Preference" or "UAP"), the analysis is accurate.

But the connection between a quote from the testimony and an element of the proposal is sometimes implicit.

In these cases, the AI might eagerly label a testimony as discussing a proposal when the connection is tenuous, or it might omit it entirely.

↗ Why are there transcription and diarization errors?
Dan Garodnick
8:49:59
Commissioner, sorry, I was a question for you.
Juan Camilo Osorio
8:50:00
Thank you, Sharon.
8:50:01
And thanks so much for all the work that you've done particularly throughout the a closure crisis to secure racial equity.
8:50:08
If there were could you highlight the most important recommendation they have for us in terms of securing racial equity?
Christie Peale
8:50:17
Well, everybody has a different definition of racial equity.
8:50:20
But for us, it's really around increasing homeownership for Black and Brown New Yorkers.
8:50:25
So I think if we use that as our indicator and our outcome for success, we would have a clear indicator of whether or not this was successful.
8:50:34
So how do we either decrease the decline Blackcomb ownership, how we increase the number of Latinx homeowners?
8:50:40
That's what we want to see as it indicates.
Juan Camilo Osorio
8:50:42
Agreed 300%.
8:50:43
But in terms of the zoning proposal
Robert Poole
8:50:45
Yes.
Juan Camilo Osorio
8:50:45
What do you think it's possible here?
Christie Peale
8:50:47
Well, as I've learned, I'm not a zoning expert, so we cannot zone housing typology, but we do think that And there's certain aspects for if we mandate affordability that could incentivize naturally occurring affordable homeownership.
8:51:02
We've heard today about how important coops are as the 1st affordable home ownership opportunity for many New Yorkers.
8:51:08
So we need to look at areas where multifamily, affordable home ownership like coops, could expand access to ownership.
8:51:14
And that could be in a multitude of scenarios, but I really wanted to echo what one of the other speakers said about how community input will provide the better outcomes.
8:51:25
If committees feel like affordable home ownership is an option, I think they will promote sites that support it.
8:51:31
And so it can be a dialogue between community members, homeowners, and neighborhoods that want increased homeownership.
Juan Camilo Osorio
8:51:36
Thank you very much.
Dan Garodnick
8:51:37
Thank you.
8:51:38
Great.
8:51:38
Thank you.
8:51:38
Thank you for everything you're doing, Kristine.

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