Join us every second Thursday of the month at 10:30 am, location: 4 West 43rd st. New York, NY 10036. We tackle NYC's need to create and preserve affordable housing. There is much to be learned and lots of action surrounding the problems, policies and programs in all the Boroughs.
Decades ago the League of Women Voters members all over the country developed national advocacy positions supporting federal housing assistance. The position was based on the conviction that every person and family should have decent, affordable housing. Since that time State and Local Leagues have worked to increase the supply of low and moderate housing.
The League's Land Use policy positions require not only the environmental but also the social and economic impacts of major public and private development. Under our standards for government we should establish effective agencies to aid, promote, coordinate and supplement the housing programs of the private sector and the federal government.
In the past the City League supported several approaches to increase low and moderate income housing. It was stated that they should be near transportation, jobs and community facilities. We sought to preserve existing housing stock and flexible rent regulation to reflect rises in costs of maintenance with subsidies for the tenants that could not afford raises in rent.
Some Issues that Affect Housing Supply
Upzoning Downzoning Campaign Finance Government Funding
Land Use, Financing and Red Lining racial steering, historic preservation
Public-Private Partnerships ie: $3 billion in public funded improvements for Hudson Yard
Mitchell Lama Buyout
First time homebuyers
Existing owners and foreclosure mitigation
Home repair and renovation costs, especially after Storm Sandy
Seniors and Reverse mortgages
The New York City League's Affordable Housing Committee has been working to learn more about the housing situation in our city. We are hoping to lobby to implement the standards we have set in the past for housing and to build further detail into our efforts to make the League more visible in the city and make a difference for the city's residents.
Basic Facts 2011
65% of NYC housing stock is rental, 45% of that is rent stabilized
The vacancy rate is 3.12%, only 1.1% at rents under $800
The median annual income is $48,040, for renters $38,500
The median rent to income ratio is 30.9%, 30% paid 50% or more of their income
25% OF HOMELESS PEOPLE ARE WORKING
11.5% of rental units are crowded
15.8% are occupied part time (seasonal or vacation) Building conditions are generally good
NYC housing projects are the last of their kind in the country
300,000 unmet repair requests exist though there is money in the NYCHA budget
Many are located in flood prone areas and suffered greatly in Storm Sandy
8% of citizens live there
160,000 are on the waiting list
Rents are capped at 30% of income
If you want to know what organizations specializing in housing issues are doing connect with the following: