NYHC and 62 partners in the affordable housing community sent a letter to the City Council opposing Intros. 1433 and 1443, which would add significant costs while decreasing affordable housing production. The legislation has been prepared to be voted on by the Council this week.
We appreciate the goals the Council is aiming for and know that the Council has been a strong partner for affordable housing. Ensuring deep affordability and sufficient family-sized units are important goals that we share. However, these issues should be implemented through the executive.
Improving affordability levels and the right share of single and family-sized units should be addressed through agency term sheets and the Fair Housing Framework to allow for smart and flexible planning. Adding regulations in legislation burdens the agency and will decrease affordable housing production.
Read the letter here.