Priscilla Almodovar, president and chief executive officer of New York State Housing Finance Agency, discusses the affordable housing picture across the state and plans to convert vacant luxury housing to moderately priced housing.
Something I've never heard anyone mention- isn't there simply a housing glut? How were these developers expecting to fill so many units? Were that many people expected to move to nyc?
The guest mentioned filling the units to create a sense of vibrancy in the areas where they are. If people move in and fill the units, they'll be leaving their old homes and neighborhoods vacant. Doesn't that just move the "blight" to other areas? Don't get it.
Sep. 04 2009 10:52 AM
Score: 0/0
Rosie McCobb
from Brooklyn, NY
It's funny/sad that some people hear the term "affordable housing" and they think "undesirable." People making up to $100K in this city are among those who need affordable housing. Someone who makes $80K, or a couple who make $130K combined, still cannot afford all of these $700 and $800K condos... in Brooklyn, let along Manhattan.
Sep. 04 2009 10:47 AM
Score: 0/0
Nick
from UWS
Maybe it would have been better if they had not destroyed neighborhoods building these idiotic condos in the first place. Maybe it's time these idiots learned that vibrant neighborhoods are not created by so called "city planners" and "architects."
Sep. 04 2009 10:46 AM
Score: 0/0
David NYC
I have a strong suggestion for NYC's "affordable" housing program.
LET THE MARKET DICTATE WHAT IS AFFORDABLE.
My wife and I have been RENTING and SAVING our money to buy an apartment in NYC during the obvious housing bubble that developed over the past several years. However, now that we are just about in a position to make a purchase, our political representatives seem dead set on bailing out the developers and speculators in a move to keep the prices propped up on these units.
It is especially insulting to see this market rigging done in the name of the poor and working class. This is a handout to the developers, period.
Sep. 04 2009 10:44 AM
Score: 0/0
melissa
Doesn't this end up meaning there's going to be some concentrated affordable housing in certain neighborhoods? Won't this further devalue properties in these neighborhoods?
I don't agree that it's better to have tons of affordable housing in my neighborhood than to have empty condos.
Sep. 04 2009 10:43 AM
Score: 0/0
hjs
from 11211
what is meant when u say affordable?
Sep. 04 2009 10:04 AM
Score: 0/0
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Comments [6]
Something I've never heard anyone mention- isn't there simply a housing glut? How were these developers expecting to fill so many units? Were that many people expected to move to nyc?
The guest mentioned filling the units to create a sense of vibrancy in the areas where they are. If people move in and fill the units, they'll be leaving their old homes and neighborhoods vacant. Doesn't that just move the "blight" to other areas? Don't get it.
It's funny/sad that some people hear the term "affordable housing" and they think "undesirable." People making up to $100K in this city are among those who need affordable housing.
Someone who makes $80K, or a couple who make $130K combined, still cannot afford all of these $700 and $800K condos... in Brooklyn, let along Manhattan.
Maybe it would have been better if they had not destroyed neighborhoods building these idiotic condos in the first place. Maybe it's time these idiots learned that vibrant neighborhoods are not created by so called "city planners" and "architects."
I have a strong suggestion for NYC's "affordable" housing program.
LET THE MARKET DICTATE WHAT IS AFFORDABLE.
My wife and I have been RENTING and SAVING our money to buy an apartment in NYC during the obvious housing bubble that developed over the past several years. However, now that we are just about in a position to make a purchase, our political representatives seem dead set on bailing out the developers and speculators in a move to keep the prices propped up on these units.
It is especially insulting to see this market rigging done in the name of the poor and working class. This is a handout to the developers, period.
Doesn't this end up meaning there's going to be some concentrated affordable housing in certain neighborhoods? Won't this further devalue properties in these neighborhoods?
I don't agree that it's better to have tons of affordable housing in my neighborhood than to have empty condos.
what is meant when u say affordable?
Leave a Comment
Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.