Housing New York
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| Housing New York | |
|---|---|
| Name | Housing New York |
| Type | Policy initiative |
| Jurisdiction | New York City |
| Launched | 2014 |
| Agency | New York City Department of Housing Preservation and Development |
Housing New York is a municipal housing plan launched in 2014 to produce and preserve affordable housing across the five boroughs of New York City. The initiative coordinated agencies like the New York City Department of Housing Preservation and Development, the New York City Mayor's Office, and the New York City Housing Authority with state actors such as the New York State Division of Housing and Community Renewal and federal entities including the United States Department of Housing and Urban Development. Conceived under the administration of Bill de Blasio and continued into subsequent administrations by officials associated with Eric Adams and Adolfo Carrión Jr., the plan intersected with landmark efforts like PlaNYC and programs tied to Section 8 and Low-Income Housing Tax Credit allocations.
Background and goals
Housing New York emerged from prior initiatives including PlaNYC, Ten-Year Housing Plan proposals, and responses to crises documented during events such as Hurricane Sandy and the Great Recession (2007–2009). Goals included creating and preserving 200,000 units, stabilizing neighborhoods affected by displacement in areas like Harlem, Bushwick, and Flushing, and addressing affordability pressures driven by market actors such as Related Companies, Silverstein Properties, and Brookfield Asset Management. The policy targeted populations served by programs like Section 8, veterans associated with Veterans Affairs, seniors connected to Age-Friendly NYC, and low-income families reliant on providers including Community Housing Improvement Program and Housing Development Fund Corporation projects.
Programs and initiatives
Major components involved preservation initiatives like the Mitchell-Lama Housing Program, supportive housing partnerships with NYC Health + Hospitals and Department of Homeless Services, and inclusionary mechanisms akin to Mandatory Inclusionary Housing policies. Financing and production tools included collaborations with agencies such as the New York State Housing Finance Agency, leveraging instruments like Tax Increment Financing, Mortgage Revenue Bonds, and Private Activity Bonds. Workforce and anti-displacement efforts coordinated with labor groups including 1199SEIU United Healthcare Workers East, unions like Local 32BJ SEIU, and community development corporations such as the Bedford Stuyvesant Restoration Corporation and South Bronx Overall Economic Development Corporation.
Funding and financing
Funding strategies combined municipal commitments from the New York City Housing Development Corporation with state resources from the New York State Homes and Community Renewal and federal subsidies through the United States Department of Housing and Urban Development. Capital stacks frequently included Low-Income Housing Tax Credit equity, Tax-Exempt Bonds issued by entities like the New York City Municipal Water Finance Authority, and private investment from firms such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Additional revenue was sourced via mechanisms tied to the NYC Housing Connect lottery system, philanthropic grants from organizations like the Ford Foundation and Robin Hood Foundation, and programs administered through the Mayor's Fund to Advance New York City.
Implementation and development projects
Implementation required coordination with planning agencies including the New York City Department of City Planning and transit agencies like the Metropolitan Transportation Authority for transit-oriented projects near hubs such as Jamaica Station, Grand Central Terminal, and Penn Station. Notable developments and preservation efforts occurred in neighborhoods including Coney Island, East New York, Long Island City, Washington Heights, and The Bronx corridors, involving developers like BronxWorks, L+M Development Partners, and Hudson Companies. Projects intersected with landmark processes like rezoning actions in Downtown Brooklyn, Inwood, and Gowanus and environmental reviews under the New York State Environmental Quality Review Act.
Impact and outcomes
Measured outcomes included units preserved or produced, affecting statistics tracked by entities such as the Furman Center for Real Estate and Urban Policy and the New York City Independent Budget Office. The plan influenced affordability metrics monitored by Zillow, StreetEasy, and reports from Human Rights Watch and Enterprise Community Partners. Impacts extended to eviction trends observed in court systems like the New York City Civil Court, changes in homelessness reported by Coalition for the Homeless, and demographic shifts documented by the United States Census Bureau and American Community Survey.
Criticism and controversies
Critics from organizations including TenantsPAC, Met Council on Housing, and legal advocates such as Legal Aid Society (New York) argued about insufficient depth of affordability, displacement risks tied to rezonings like Greenpoint-Williamsburg rezoning and Hudson Yards-era development, and concerns over use of subsidies by major developers including Durst Organization and Silverstein Properties. Controversies involved debates over public land disposition exemplified by cases at Flushing Commons and disputes involving New York University expansion, litigation referencing New York State Division of Housing and Community Renewal rules, and scrutiny over transparency related to contracts managed by the New York City Economic Development Corporation.
Future directions and policy responses
Future policy responses involve proposals endorsed by advocacy coalitions such as Housing Justice for All, research institutions like the Brookings Institution and Urban Institute, and municipal task forces formed under administrations linked to Eric Adams and prior mayors. Potential directions include expansion of Rent Control (New York) and Rent Stabilization (New York) reforms, increased reliance on Community Land Trust models promoted by National Community Land Trust Network, and integration with climate resilience plans under OneNYC and adaptation funding via programs coordinated with Federal Emergency Management Agency. Legislative and administrative options may involve state-level action from the New York State Legislature and statutory changes influenced by rulings from courts including the New York Court of Appeals.