The incentives-only housing plan rolled out by state Democratic lawmakers this week won’t build the homes and apartments New York needs to fix its housing crisis, researchers at New York University…
, which includes two key enforcement mechanism to meet the state’s proposed housing targets.
Hochul says her plan would allow the state to build 800,000 new homes and apartments over the next 10 years, roughly double the statewide pace over the last decade. “Bronxville wouldn’t be able to accommodate so many housing units or even a fraction of the amount required. It would change the character and integrity of the community,” Assemblywoman Amy Paulin
“On this question, two important things policymakers need to keep in mind: 1. Approaches that rely solely on incentives haven’t worked anywhere. 2. Incentives are especially ineffective at convincing affluent localities to step up,” the researchers said.
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