How can Gotham’s next mayor succeed on public and low-income housing? A winning approach would embrace private investment and allow more flexible zoning and other regulations, while relying less on public subsidies and targeting them better.
Yet few candidates are taking such a stance.
Consider Andrew Yang. The front-runner wants $48 billion in federal funding to repair the New York City Housing Authority’s properties — more than the $40 billion President Biden’s American Jobs Plan proposes for the whole country. What’s Plan B, if Congress fails to rain cash upon the managerially challenged NYCHA?
Eric Kober is an adjunct fellow at the Manhattan Institute. He retired in 2017 as director of housing, economic and infrastructure planning at the New York City Department of City Planning. Follow him on Twitter here. This column, the final in a series, was adapted from MI’s “NYC Reborn” initiative.
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