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Social Housing in the Spotlight: NYC Lawmakers Seek 'Paradigm Shift' in Tackling Affordability Crisis

citylimits.org · 1,605 words · saved by 1 readers

Councilmembers are weighing a slate of bills to expand programs and resources that follow the model of social housing—deeply affordable homes built “for public good” rather than profit, what supporters say could help turn the tide in a city where increasing numbers of tenants are struggling to afford rent. But City Hall officials pushed back on some of the proposals, saying they could undermine Mayor Adams’ efforts to build new housing as quickly as possible. William Alatriste/NYC Council Media Unit This month, the New York City Council and City Hall are holding hearings to negotiate the city’s next budget—including how to help fund Mayor Eric Adams’ proposed “moonshot” goal of building 500,000 new homes across the five boroughs over the next decade. The mayor’s plan comes as New York leaders seek to ramp up development in the face of a housing shortage and affordability crisis: rents have hit historic highs in recent months, the homeless population has spiked and the number of apartm

Share This Article Share Post Councilmembers are weighing a slate of bills to expand programs and resources that follow the model of social housing—deeply affordable homes built “for public good” rather than profit, what supporters say could help turn the tide in a city where increasing numbers of tenants are struggling to afford rent. But City Hall officials pushed back on some of the proposals, saying they could undermine Mayor Adams’ efforts to build new housing as quickly as possible. William Alatriste/NYC Council Media Unit City Councilmembers hold a rally in favor of so

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