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How to solve New York City’s affordable housing problem

nypost.com · 1,151 words · saved by 1 readers

Today, The Post kicks off a weeklong series of op-eds offering constructive suggestions on how to improve New York City in 2023. Here, the first column looks at what can be done to solve the city’s problem of affordable housing. New York is in the throes of a “housing crisis” that never seems to end. Both our governor and mayor use the term. But our efforts to address high costs and a lack of affordability focus too narrowly — on how to provide below-market rental units in the five boroughs, whether through tax reductions or regulation of nearly a million “rent-stabilized” units. The Empire State already has far more public and subsidized housing than any other state. As of 2021, according to federal Department of Housing and Urban Development (HUD) estimates, New York had 591,065 units of publicly “assisted housing,” or three units for every 100 state residents, which is double the national average relative to population and by far the most of any state. Yet our housing crisis continu

The majority of efforts to alleviate New York's "housing crisis" are focused on building below-market rental units rather than more of the two- and three-family homes needed to make ownership more attainable. Bloomberg via Getty Images See more of our coverage in your search results. Add The New York Post on Google Explore More Income required to afford a median-priced home has almost doubled since 2020, report finds How the new housing bill could make it easier to get a mortgage California’s housing prices reach staggering new high as city drives sales through the roof Today, The Post kicks o

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