"Our city’s affordable housing crisis has been deepening for decades, and one proposal will not undo that damage. At the same time, I commend the New York City Council for advancing a revised plan that aims to address the urgent crisis at hand. I thank the Speaker and entire Council for their commitment to taking on this urgent issue, and working with Council Members to address their concerns.
"The $5 billion investment in affordable housing and infrastructure is an important achievement with the potential to have a lasting impact on our city, one that we have to ensure is realized. I am particularly encouraged by the flexible modifications included in this plan—such as adjustments to parking requirements and mandates for affordability—that will make it easier to build homes that meet the needs of our diverse communities, as well as its balanced investment in affordability, infrastructure, and the staffing of city agencies that will help ensure these plans are implemented efficiently and effectively.
"Though the plan has worrying cracks and carve-outs, it is still an important step in the right direction as we look to address our city’s affordable housing crisis, and it’s critical to remember efforts like this can only be effective if paired with preservation, voucher expansion, and other measures. As my office continues to review the final plan and potential implementation, I remain committed to working closely with all stakeholders to ensure these investments translate into tangible, lasting improvements for New Yorkers."
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