
New York City has broken some important ground with the release of a new report “Housing We Need.” The City, at least from a reporting perspective, is apparently no longer prepared to recommend a kind of ‘go along to get along’ approach to affordable housing programs that are demonstrable failures.
As a paragraph from an article in CityLand puts it: “Housing We Need follows six years of analyses, audits, and reports on City initiatives that have failed to make enough affordable housing, wasted billions of dollars on real estate tax subsidies, failed to prevent homelessness, and failed to make homeownership viable.”
Housing We Need recommends a major focus on “redirecting of existing capital dollars to extremely- and very-low income housing construction.”
This bodes well for the future of social housing in the city, which has proven itself to be one of the few — if not the only — way of efficiently building long lasting housing for low and no income citizens.
Read more in CityLand: Comptroller Stringer Releases Plan to Address City’s Affordable Housing Problems