More On Housing
Search Within This Topic
Showing 1 - 9 of 9
September 13, 2018NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.
September 12, 2018One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
August 29, 2018Every three years, the U.S. Census Bureau conducts a New York City Housing and Vacancy Survey (HVS), which provides the most comprehensive information available on the size, nature, and condition of New York City’s housing stock.
Press Mention Housing
July 11, 2018A day after announcing a vast new inspection plan for lead in New York City public housing, Mayor Bill de Blasio on Tuesday doubled down on his administration’s commitment, vowing to “eradicate this problem once and for all.”
He said private contractors using specialized equipment would conduct inspections of every public housing apartment where lead paint might have been used — some 130,000 units — in order to create a database of those that contain lead paint and those that do not.
Maria Doulis, vice president at the nonprofit Citizens Budget Commission, said the mayor’s plan to use outside contractors for inspections was an “encouraging sign,” but added that the new spending on inspections would not address underlying management and operational issues at the sprawling Housing Authority.
Press Mention Housing
July 05, 2018“NYCHA’s needs are staggering,” warns the Citizens Budget Commission in its latest report on the challenges facing the city Public Housing Authority.
Staggering, indeed: The agency’s latest assessment is that it needs to spend $32 billion on repairs over the next five years — but faces an eye-popping $25 billion deficit.
And recent state and city commitments of new cash barely dent NYCHA’s need.
Without vastly more funds, the CBC warns, within a decade some 90 percent of NYCHA’s units could deteriorate to the point that they’d be cheaper to rebuild than to repair — but either bill would dwarf that $32 billion figure.
The agency needs $5.6 billion to fix kitchens and bathrooms, $2.9 billion for apartment floors, $3.1 billion to repair boiler and heating systems, $1.5 billion to replace elevators … and on and on.
The CBC offers a way to generate some $7 billion toward those bills, a rescue plan of sorts for an agency that houses 400,000 low-income New Yorkers. But it depends on radical change.
For example: Shrink the number of properties NYCHA owns and manages directly, shifting responsibility to private for-profit and nonprofit housing groups. This could cut capital needs by $2.6 billion — but New York’s ideologues will fight it tooth and nail. As they will oppose the CBC recommendation that NYCHA sell air rights and underused land to developers to fund another $3 billion in repairs.
The naysayers think it’s a betrayal to privatize any portion of NYCHA’s housing stock, even if it gives tenants better options. Rather than let the Housing Authority evolve, they’re apparently willing to let the city’s entire public-housing stock literally fall apart.
July 03, 2018Rather than continue as the nation’s largest landlord, NYCHA should transition to an affordable housing steward employing a full range of strategies to preserve the affordability of its units.
July 02, 2018Radical changes need to be undertaken immediately
June 19, 2018Marisa Lago, Director of the Department of City Planning and Chair of the City Planning Comission, joined the CBC to discuss the U.S. Census, neighborhood revitalization, housing afforability, and resiliency and sustainability.