President wants NYC to double spending on affordable housing

In her first State of the City address, New York City Council Speaker Adrienne Adams on Sunday proposed spending an additional $4 billion over the next fiscal year to build and preserve affordable housing, nearly doubling the amount proposed by the mayor.

Many New Yorkers don’t have access to housing, and those who do spend a disproportionate amount of their income on rent, Adams told an audience at York College in Jamaica, Queens.

“The foundation of health for every neighborhood in our city is safe, stable housing,” Adams said to applause.

Adams became the first black city council president in January when her colleagues elected her as their leader.

In her address on Sunday outlining her vision for New York City, the speaker also spoke about improving access to food and parks, expanding economic opportunity, reducing violence and improving the physical and mental health of New Yorkers.

Seated in the front row inside the school, which is part of the City University of New York system, was Mayor Eric Adams, unrelated to the speaker. Leaders from the city’s two branches of government will negotiate and decide how to spend nearly $1 trillion of taxpayers’ money by June 30.

In the mayor’s executive budget proposal, released in April, he said he wanted to spend about $22 billion on housing over the next 10 years, which housing advocates said was average at about $2 billion a year, well below the $4 billion a year the mayor promised during the election campaign.

Charles Lutvak, spokesman for the mayor, on Sunday referred to a comment the mayor made in April.

“We will continue to assess during these difficult times and work with our housing advocates and partners in government to get it right,” the mayor said earlier.

On adding $4 billion to the city’s capital budget, the speaker said she wanted to allocate $2.5 billion to the Department of Housing Preservation and Development and $1.5 billion to the New York City Housing Authority, a public development corporation that provides housing for low-income and modest-income residents in the five boroughs.

Rachel Fee, executive director of the New York Housing Conference, said if the city wanted to make “meaningful” progress in solving the housing crisis, it needed to spend at least $4 billion a year in its capital budget to affordable housing.

“Every day, New Yorkers struggle to keep up with rising rents and rely on their elected officials to capitalize on a critical moment to reinvent the next decade of housing policy,” Fee said.

The speaker also said her members will prioritize the creation of supportive housing, a type of affordable housing with on-site services that help formerly homeless people, and others to manage their lives and cope. get back on your feet.

“There is no solution to ending homelessness if we don’t increase the number of affordable housing units,” she said. “Supportive housing should increasingly be the solution for people struggling with homelessness, mental health and re-entry into the justice system.

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