‘CLTs achieve a delicate balance of providing families with the opportunities of homeownership, like building equity and providing stability, while also protecting public resources in perpetuity.’
‘We must institute policies and programs to ensure that every New Yorker has access to affordable homeownership. It is how we can revitalize the middle class in New York City,” writes NYC’s public advocate.
Not that foreclosure is the only thing city homeowners, or policymakers, have to worry about.
Income-restricted cooperatives comprise some 30,000 apartments in more than 1,300 formerly abandoned or distressed multi-family buildings. The city’s proposed regulations to stabilize this key affordable-housing stock have met with opposition—some of it misinformed.
The president has put the brakes on an Obama-era plan to reduce barriers to getting FHA mortgages. That will hit communities of color, especially those in New York, hard.
Elected officials and community groups—some of whom blame the recent rezoning for what they say is an uptick in harassment of homeowners and renters—want the area declared a ‘cease and desist’ zone.
For many White families, owning a home is a foothold on the path to long-term financial security. Because of redlining and other discriminatory practices, Black homeowners—and their children—have been excluded from those benefits.
The challenges of buying a home in New York City, the looming test for community plans in Mayor de Blasio’s rezoning push and the difficulties posed by density as Gotham Gazette’s Ben Max and City Limits’ Jarrett Murphy look back at the last fortnight in New York City housing news. Now downloadable as a podcast!
A new report exposes just how hard it is for New Yorkers of modest or even middle-class means to afford a home. It’s a serious problem—but not one that policymakers are powerless to confront.
Gotham Gazette and City Limits take a fair and balanced approach to running through the week’s biggest housing stories.
City Limits uses investigative journalism through the prism of New York City to identify urban problems, examine their causes, explore solutions, and equip communities to take action.
Founded in 1976 in the midst of New York’s fiscal crisis, City Limits exists to inform democracy and equip citizens to create a more just city. The organization is a 501(c)(3) nonprofit funded by foundation support, ad sponsorship and donations from readers.
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Support local, investigative journalism that has informed and empowered New Yorkers for 45 years.
