This is why I pledge, as CEO of the newly formed New York Apartment Association (NYAA), to work with everyone in the state and city to solve this crisis.
New York is in the middle of a generations-long housing crisis that continues to worsen. There is a lack of affordable housing and a lack of appetite to build more, while the older stock of affordable housing deteriorates.
Together, we have the ability and capability to fight for a responsible housing policy that will preserve nearly 1 million apartments throughout the city for generations to come, support the city and state economies, and ensure buildings have the resources they need to keep tenants safely housed. To do this, NYAA has several policy goals, beginning with fully funded vouchers, establishing a universal voucher system, and streamlining the voucher process to eliminate bureaucratic hurdles. Vouchers are the biggest resource for keeping low-income New Yorkers in their home and provide a steady source of investment back into the buildings, ensuring they can remain well-maintained.
While preserving existing housing is critical, the lack of housing is one of the biggest hurdles the city needs to address. NYAA will be fighting to reform rent regulations so it does not limit supply, and we will work to get apartments that are forced to stay empty for long periods back on the market. We also support reforming the fundamentally unfair and inequitable property tax system and modernizing zoning – both of which have also further limited supply.
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