New York City faces a housing crisis with extremely low vacancy rates and high prices due to limited supply. Lawmakers are pushing for housing investments, tenant protections, and support for developers to address the affordability crisis. The City Council and Assembly members are advocating for increased funding for housing, early childhood education, mental health services, and more ahead of the April 1 budget deadline in Albany.
Today, @CMPiSanchez’s bill declaring an ongoing housing emergency to extend NYC’s Rent Stabilization Law was signed into law. NYC’s housing crisis is dire, with a vacancy rate of 1.41%—the lowest since 1968. Extending rent stabilization is critical to protect existing tenants. https://t.co/iwi3jpMCVo
Today, legislation sponsored by @CMPiSanchez was signed into law, declaring an ongoing housing emergency to allow for the continuation of rent regulation to protect existing tenants. https://t.co/JcvcYkfrcM
On Friday I held the Preliminary Budget Hearing for the Committee on Children and Youth. Our city’s budget is our moral duty to our community. I expect responsiveness from DYCD and ACS in this process. Let’s ensure youth programs serve all who need them. #nyccouncil #dycd #acs https://t.co/malgpOX66W
.@NYCCouncil enacted my Fair Housing Framework law to ensure *every* district contributes to addressing our housing crisis. I joined The Housing Problem podcast to discuss how the Council is working to create more affordable housing for NYers. Listen: https://t.co/zODnm3YzE5 https://t.co/YaOdJjrf5i
"I think it's gonna be in this budget...when New Yorkers across the state are looking at their own budgets and the affordability crisis that's going on, there's no way that we allow two sessions to pass without doing anything big on housing." (48:05) https://t.co/54YjmGZJnk
NYC needs support in the state budget for greater housing production, early childhood education, student support services, mental health courts, and more. These have been the focus of @NYCCouncil's efforts in Albany since Tin Cup Day. Read more: https://t.co/HvhsXrQcxd https://t.co/VP9mdhcVfd
Last summer, when an eviction agent shot Angel Davis, I wrote a bill reforming Philly's reckless eviction process. Last week, I'm proud to share my bill (H.B. 287) finally went to the floor & PASSED the House! This is a major step forward in the fight for Philly tenants. https://t.co/sAwXWkHp6Y
The City Council on Monday outlined its wishlist for the forthcoming Fiscal Year 2025 state budget with the clock rapidly ticking toward the April 1 deadline when Albany must pass a spending plan. https://t.co/mT0tuOO5g3
In a final push ahead of the April 1st deadline, the Council released our State Budget Priorities to continue our efforts for NYC to receive our fair share of support to combat the affordability crisis and improve the lives of all New Yorkers. Read more: https://t.co/3bOQIeAs9L https://t.co/W6kgTe8Vag
After they concluded their work in Albany last week, I spoke with Assembly Members @CatalinaCruzNY & @NYAMCunningham about the status of state budget negotiations, several of their top funding/policy priorities, housing policy negotiations, & more Listen: https://t.co/54YjmGZJnk
on housing, the City Council basically takes an all-of-the-above approach in asking Albany to act https://t.co/fAIBpVHBTL
Ahead of the April 1 budget deadline in Albany, the @NYCCouncil continues calls for housing investments and funding to combat homelessness, expanded support for early childhood education and schools, mental health services, and more. Read it all here: https://t.co/y7NnWbKjlL https://t.co/t8ogXo0V05
“Democratic Assemblymember Michaelle Solages, a Long Island lawmaker, said housing is “tough conversation” because of the competing interests. Lawmakers want a combination of tenant protections as well as support for developers to build.” https://t.co/UTeg7zO5mv via @NickReisman
“A recent New York City housing survey found that in 2023, only 1.4 percent of homes were available to rent, the lowest such number in more than 50 years. The vacancy rate was even lower for cheaper apartments.” https://t.co/5IPJd1LuyD
Among the lowest rates of second-home ownership and vacancy - and yet still the most expensive housing. Maybe, just maybe, it's about lack of supply. https://t.co/xvYAJa3xwo https://t.co/F3iOF79ta0