The city is determined to produce more than 50,000 housing units a year, including a high percentage of affordable apartments cross-subsidized by market-rate units. That ambition is widely shared and urgently needed. Yet land scarcity remains the single greatest impediment to achieving that goal. The good news is that the city already controls a vast and underutilized land resource that, if deployed intelligently, could materially change the housing equation.
LINKS
Read “Expert Analysis | Unlocking the City’s Land: Rethinking How New York Uses Public Assets to Build Housing,” co-authored by Edward C. Wallace and Daniel G. Egers on the amNY Law website.