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Affordable Housing

I am working to end the affordability crisis by taxing luxury speculation to fund local community planning and the renovation of rent-controlled apartments for New York families.

Housing is the single largest expense for most New Yorkers—and when it fails, everything else starts to buckle. Families stretched thin disengage from civic life. Young people and working families leave the city and state. Homelessness rises. Entire neighborhoods hollow out as homes become investment vehicles instead of places to live.

This unaffordability is a result of systemic policy that over-incentivizes large units for the luxury market so that our city builds massive structures, but few homes. This has turned New Yorkers against each other in piecemeal battles over plots of land when the real problem is our government’s approach to creating homes for New Yorkers.

I will fight for:

  • Vacancy Tax

    • Eliminate the advantage of warehousing residential or commercial units and incentivize release into the market.

  • Pied-a-terre Tax

    • Ensure landowners who pay taxes elsewhere give their fair share to NYC

    • Penalize empty towers that lead to empty streets and monoculture communities

    • Rebalance the housing market, which incentivizes luxury market development

  • State Land for Affordable Housing

    • Any state land, or land in which the State has an interest through an Authority, should be required to be a minimum of 50% affordable.

  • Affordable Housing Fund

    • A new, dedicated lockbox for funding high-density, affordable housing in New York State in areas within commuter distance of economic hubs funded by vacancy and pied-a-terre taxes

  • Replace AMI with Cost of Living

    • AMI is relative to local incomes, not affordability, distorting the market.

  • Restore Home Rule (see Home Rule)

    • Allow NYC to set its own housing and tax policies, currently blocked by Albany.

  • Require the Dept of Transportation, MTA, and Port Authority to develop regional plans (see Transportation) to drastically reduce rent pressure on the urban core

    • More deeply integrating the metro-area means NY State can expand access to housing, development opportunities and economic opportunity.

  • Increase mandatory affordable housing for tax breaks to 35%

  • Provide grants to municipal governments that create comprehensive development plans

    • Create reliable plans to enable long-term investment in housing and other city services.

    • Force local legislators to do their jobs and address city planning instead of endlessly blocking critical projects piecemeal for political points.

  • Tenant Protections

    • Get rid of the housing court black list

    • Housing access vouchers

    • Reform the housing court

    • Fund true right-to-counsel for tenants

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