Hundreds of thousands of New Yorkers live in underfunded and dilapidated NYCHA housing. 1 in 3 residents of Forest Hills, Rego Park, and Kew Gardens are paying more than 50% of their income just on rent. To truly overcome the hurdle of affordable housing and homelessness I support the following solutions:
- A New Marshall Plan. NYCHA properties alone face a funding shortfall of 32 billion dollars and growing. For decades there has been a constant disinvestment from the federal, state, and local governments toward NYCHA. A new partnership must be forged between Washington D.C., Albany, and City Hall to shoulder the costs of revamping NYCHA.
- If the federal government were to match New York State and City dollar to dollar 32 billion becomes manageable. The funds would be raised and spent over a 4-year period exclusively on NYCHA.
- Such an investment would provide heat, gas, and hot water to over 560,000 residents. Exposed lead, mold, and rat infestations would be removed. Elevators and electricity would function properly. Safety from gangs and violence would be vastly improved. If elected, I pledge to pursue such a partnership in Albany and in Washington D.C.
- $500 million to build new housing for low-income seniors. Nearly a third of NYCHA’s public housing apartments are under occupied. Of these under occupied apartments, half are occupied by households headed by a senior citizen. Using funds from the capital budget to build exclusively low-income senior housing would free up NYCHA housing for families in the shelter system. If elected, I will support and stand by such an investment.
- Raise the Standard for Inclusionary Zoning. The greatest need for affordable housing is for families with extremely low and very low incomes earning at most $35,000 a year. Yet, only a fraction of apartments in the city are created for these income levels. The majority of ‘affordable’ apartments falls to incomes ranging from $43,000 to $141,000 for a family of three. We must invest additional funding from the capital budget to guarantee a greater share of housing stock in the city is available for those who need it most. Such an investment would relieve pressure on the public housing and homeless shelter systems.