New York City is at a breaking point. Nearly half of all residents are living near the poverty line. While real wages have been depressed for the majority of New Yorkers, housing costs are soaring. Over the past ten years, rents have increased at twice the rate of household incomes citywide. At the same time, the number of rent-regulated apartments has been steadily declining, and most new housing construction has been geared toward the rich, which has caused neighborhood displacement and record levels of homelessness.
ALIGN joined the Real Affordability for All Coalition along with tenant associations, community organizations, faith groups, immigrant advocates, and others to urge the city to preserve and create real affordable housing, and to ensure that new affordable housing development creates good local jobs.
Both de Blasio’s Mandatory Inclusionary Housing (MIH) and Zoning for Quality and Affordability (ZQA) are intended to boost the supply of affordable housing across the city.
As this process unfolds, we need additional tools to reach affordable and stable housing for communities. Apartments for residents making below 30% of the area median income (AMI) should be prioritized alongside career-track jobs for low-income NYC residents.
The Real Affordability for All campaign is currently in the process of supporting local fights on zoning issues while developing a citywide campaign.
For more information check out http://www.realaffordabilityforall.org/