The city’s housing crisis has become a key issue in the mayor’s race — and not just because two candidates, Ray McGuire and Shaun Donovan, were ridiculed this week after estimating that the median price of a Brooklyn home was about $100,000. (It’s actually $900,000).
New York City faces a severe shortage of apartments deemed affordable, a longstanding issue that has priced poor tenants out of gentrifying neighborhoods.
Nearly half of the city’s renters are rent-burdened, meaning that more than 30 percent of their income goes toward rent.
The de Blasio administration has committed to creating or preserving 300,000 affordable apartments by 2026, but that has done little to ease the affordability crisis.
The candidates have proposed overlapping ideas to address the problem.
Eric Adams, the Brooklyn borough president, has proposed developing more affordable housing in wealthy neighborhoods, something Mayor Bill de Blasio has been criticized for not pursuing aggressively.
Mr. Donovan, a former federal housing secretary, has proposed creating 30,000 affordable units each year he’s in office, while Kathryn Garcia, a former city sanitation commissioner, wants to construct 50,000 units of “deeply affordable housing,” with rents as low as $532.
Dianne Morales, a former nonprofit executive, promises to establish community land trusts and invest billions of dollars in homelessness prevention programs. Scott Stringer, the city comptroller, has pitched building more housing on city-owned land and setting aside 15 percent of units in newly built, city-subsidized apartment buildings for people who are homeless.
Andrew Yang, the former presidential candidate, has promoted a $4 billion plan to create 250,000 affordable units over eight years, while Mr. McGuire, a former Citigroup executive, wants to develop 350,000 units of mixed-income housing. Maya D. Wiley, a former counsel to Mr. de Blasio, has centered her housing plan on different ways to curb evictions and keep tenants in their homes.
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