During the 1970s fiscal crisis, the city acquired significant quantities of property by way of owner abandonment and tax foreclosure, which it used in subsequent decades to subsidize affordable housing development. Virtually none of that land remains available today, however, and as we recently noted, the now-stratospheric cost of privately held land poses myriad obstacles to new affordable housing production, particularly in neighborhoods with good public schools, ready access to transportation and employment centers. Read More
Seven years ago, when the Westside mega-development known as Hudson Yards was but a twinkle in the collective eye of real estate moguls and Bloomberg officiates, grumbling had already begun about inequality among the neighborhood’s residents. Those residents, of course, had yet to arrive. And the complaints seemed stranger still given that Hudson Yards had, Read More
In his State of the City address yesterday, Mayor Bill de Blasio pledged once again to “preserve or construct nearly 200,000 units of affordable housing—enough to house between 400,000 and 500,000 New Yorkers—to help working people by literally putting a roof over their heads.”
And, after announcing the remaining members of his housing “dream team” last Saturday—with Shola Olatoye heading up NYCHA, Vicki Been at the Department of Housing Preservation and Development, Gary Rodney as president of the Housing Development Corporation, Carl Weisbrod as City Planning chair and Alicia Glen as deputy mayor for housing and economic development—Mr. de Blasio has finally revealed when we can finally expect some details: May 1st. Read More
When Marc Landis, a leading candidate to represent the Upper West Side in the City Council next year, talks about himself, he often boasts of his long record of fighting for affordable housing in New York City. The attorney and Democratic district leader, praised by his many endorsers for his tenant advocacy, also works closely with Tahl Propp Equities, a large real estate developer that has been sued by Manhattan tenants and accused of “predatory” financial practices in rapidly gentrifying Harlem.
“Tahl Propp was one of the early companies that we and other organizers spotted coming in and buying up large amounts of affordable housing and they weren’t a known actor in the affordable housing or real estate world,” said Emily Goldstein, coordinator of preservation and policy at Tenants and Neighbors, a statewide tenant advocacy group. “In more recent years, I know that they’ve said they care about affordable housing. They’ve said they care about the Harlem community. And yet their actual practices in many of these buildings have been detrimental to low and moderate income tenants, to the physical housing stock and arguably to the community.”
Assemblyman Hakeem Jeffries convened a press conference yesterday calling for a federal investigation of mismanagement of the New York City Housing Authority. Mr. Jeffries and about 50 of his constituents were lined up in front of the Farragut Houses, wedged between the BQE and the luxury lofts of DUMBO.
Throughout the half-hour event, while away from the podium, the would-be Congressman, dressed in a navy suit with subtle pinstripes and geometric red tie, would dip his hand into his pocket and withdraw a blue handkerchief that matched his shirt. He would duck his head and swiftly dab at his brow before returning the hankie, to do it all over again a few minutes later.