The city council’s land use and zoning committees analyzed the City of Yes for Ciudad del Yes plan this Thursday, proposed by the Adams Administration and which promises to provide a solution to New York’s housing shortage.
Meanwhile, this Wednesday, the Fiscal Policy Institute released a new report that echoes the concerns of thousands of New Yorkers about the constant increase in rent compared to wages.
“Salaries are very small, they don’t change. Rents are always increasing. They don’t show up, they move, a lot of people from here go to Philadelphia, to Pennsylvania because the rents are cheaper, cheaper there,” said worker Fabio Vásquez.
The publication shows that New York’s average rent rose by around 18% between 2019 and 2023, while income only grew by 11.5% in that same period.
This affects both renters and homeowners.
Average rent rose from $1,480 per month in 2019 to $1,750 last year, and mortgage costs for homeowners rose from $1,810 to $2,020 per month during that same period, according to Census Bureau statistics.
Vasquez.
To stop the trend and help New Yorkers find truly affordable housing, the “City of Yes for Housing Opportunity” plan promises to increase the city’s housing supply by approx. on 100,000 units by 2039.
“Here, any apartment costs 2,000 or so dollars. There is a need for many affordable apartments there for us, for the people who work, day by day, peso by peso,” said Vásquez.
However, there are those who strongly oppose the plan, arguing that it is full of false promises.
“At the Black Institute, we feel that the city is not a housing problem but a price problem. The plan promises growth and opportunity, but in reality, it will leave neighborhoods across the five boroughs facing rapid gentrification without protection or housing. that’s really affordable for New Yorkers.
Among other things, the proposal includes changes to New York’s zoning processes and the ability to build secondary housing units in private homes.
The final vote on this project must be held on December 5.
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2024-11-21 21:20:00
#City #council #examines #mayors #plan #housing
**Considering the concerns raised about gentrification and displacement, what safeguards or alternative approaches should be incorporated into housing plans to ensure equitable outcomes for long-term residents and vulnerable communities?**
## World Today News Interview: Facing New York’s Housing Crisis
**(Introductory Music)**
**Host:** Welcome back to World Today News. Tonight we’re diving deep into New York City’s ongoing housing crisis.
The Mayor’s ambitious “City of Yes for Housing Opportunity” plan aims to tackle this complex issue by increasing the city’s housing stock. However, the plan faces both support and strong opposition from various stakeholders.
Joining us tonight to discuss the plan and its implications are [Guest 1 Name], a housing policy expert at [Guest 1 Affiliation], and [Guest 2 Name], community organizer with [Guest 2 Affiliation].
**(Transition Music)**
**Host:** To set the stage, let’s talk about the current realities facing New Yorkers. As the article highlights, rent and mortgage costs have surged while wages have struggled to keep pace.
[Guest 1 Name], can you walk us through the stark figures presented in the Fiscal Policy Institute’s recent report?
**(Guest 1 Response)**
**Host:** Certainly, those statistics paint a grim picture for many New Yorkers. [Guest 2 Name], the article quotes a worker, Fabio Vásquez, who expresses his concern about skyrocketing rents and the exodus of residents from the city.
Can you speak to the experiences of residents like Fabio and the impact this crisis is having on communities?
**(Guest 2 Response)**
**(Transition Music)**
**Host:** Turning to potential solutions, let’s discuss the “City of Yes” plan.
[Guest 1 Name], the plan proposes a significant increase in housing units. What are the potential benefits of this approach, and do you believe it realistically addresses the core issues driving the affordability crisis?
**(Guest 1 Response)**
**Host:** [Guest 2 Name], your organization has voiced concerns about the potential downsides of the “City of Yes” plan. What are your worries regarding rapid gentrification and the potential displacement of long-time residents?
**(Guest 2 Response)**
**(Transition Music)**
**Host:** We’ve explored the challenges and potential solutions from different perspectives. Looking ahead, what steps do you believe are crucial to creating a more equitable and affordable housing landscape in New York City?
[Guest 1 Response]
[Guest 2 Response]
**(Transition Music)**
**Host:** Thank you both for sharing your insightful perspectives on this critical issue. The housing crisis is a complex multi-faceted challenge, and open dialog like this is crucial for finding effective solutions. We encourage our viewers to continue engaging in these conversations and stay informed about the upcoming vote on December 5th.
