An affordable housing boom will spark New York's comeback

With hundreds of thousands at risk of eviction, it’s no surprise that a recent poll put housing and homelessness at the top of the next mayor’s to-do list. For nearly 1.5 million households that struggled to pay rent before the pandemic and that have since faced widespread job losses, the rent is still too high. Meanwhile, homeownership is out of reach for most New York families, with the median home price in Brooklyn now above $900,000 (a fact that came as a surprise to most of my opponents).

Housing affordability is an existential crisis for the city. It affects all of us, how we live, how we create and what we do.

→ Continue reading at Crain's New York Business

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