Pathways to Social Housing in New York: 20 policies to shift from private profit to public good

Report | Nov. 2022

Pathways to Social Housing in New York: 20 policies to shift from private profit to public good

Oksana Mironova, Samuel Stein, Celeste Hornbach, Jacob Udell

Summary:

Three years into the pandemic, rents in New York City have reached new heights. One of the root causes for this crisis is that for decades, landlords have placed heavy financial bets on both deferred maintenance and rising rents. As a result, rental housing is vulnerable to shocks like the COVID-19 pandemic. Without a major intervention, our current housing and lending policies create an environment for further waves of gentrification and displacement.

This report outlines an alternative future, sketching out 20 policies that directly address this vulnerability. These policies would work in tandem to shield our housing from the worst aspects of speculative investment and put New York on a path to social housing transformation.

Issues: Affordable Housing

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