New York Homes Guarantee
Stop incentivizing luxury development
Aggressive vacancy and pied-à-terre taxes
Pass the “good cause” eviction law
Enforce and expand tenant protections
Invest in NYCHA
Over the past two years, grassroots organizing swept the IDC into the dustbin of history and forced a historic expansion of tenant protections in our city. But even with some of the most pro-renter laws in the country, we’re still mired in a crisis of affordability. Over the past decade, rents increased twice as fast as wages. Almost half of NYC households are now rent burdened, with many spending more than half their paycheck on rent. Nearly 80,000 New Yorkers are homeless.
For years, we’ve been effectively gaslit by our leaders: to get more affordable housing, they say, we need to build more luxury towers. We’ll carve out some “affordable” units. Maybe it’ll trickle down.
It hasn’t. Instead, hundreds of thousands of apartments sit vacant, accruing wealth for distant investors or occasionally visited as “pied-à-terres.” Gentrification continues its rampage across wide swaths of the city. Tenants are harassed and hounded out of their homes, while small business storefronts go vacant.
After the 2005 rezoning, North Brooklyn became the test case for this strategy. The median price for a home in Williamsburg is now over $1 million. In Greenpoint, it’s $1.5 million. Rent stabilized and rent controlled units are hanging on for dear life.
We need a radically different approach. Some of these reforms can happen at the state level. Others need to come from the city or the federal government. All require powerful and persistent grassroots movements. Here’s what I’ll fight for.