Stringer wants affordable housing to foster NYC’s techie talent

New York /
Dec.December 11, 2012 08:30 AM

New York needs to curb its housing costs if it wants to keep attracting young tech talent and grow Silicon Alley, a new report released today by Manhattan Borough President Scott Stringer states. The report, titled “Start-Up City,” outlines 11 ways to keep New York’s tech boom booming, including investments in education, such as financial aid for engineering students who agree to work for the city after completing their degree, increasing diversity in the tech sector and designing a new class of affordable housing, according to the reported, cited by Crain’s.

Stringer is asking the city to consider creating cheaper rental housing for young New Yorkers by subdividing the thousands of apartments that do not meet the city’s building codes but are not unsafe. The plan would require changes to current housing codes in order to legalize these “accessible dwelling units,” and would also encourage construction of new units.

“The problem of affordable housing has become one of the biggest obstacles to attracting talent to the city,” Kathryn Wylde, president of the Partnership for New York City, said. “Legalizing construction of accessory units aimed at young people is a very compelling idea.” [Crain’s]Christopher Cameron


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
From left: Kristen Gilibrand, U.S. senator for New York; Ritchie John Torres, U.S. representative for New York's 15th congressional district (Getty Images)
Lawmakers push for heat sensor mandate in wake of Bronx fire
Lawmakers push for heat sensor mandate in wake of Bronx fire
From left: Joseph Riever and Christopher Marte (Elizabeth Street Garden, New York City Campaign Finance Board)
After 10-year saga, judge’s delay keeps senior housing unbuilt
After 10-year saga, judge’s delay keeps senior housing unbuilt
East Hampton Town Supervisor Peter Van Scoyoc and 395 Pantigo Road in East Hampton (EHamptonNY.gov, Zillow, iStock)
East Hampton Town officials vow affordable housing action
East Hampton Town officials vow affordable housing action
Donald Capoccia, managing principal, BFC Partners along with a rendering of 475 Bay Street in Stapleton, Staten Island (BFC Partners/Photo Illustration by Steven Dilakian for The Real Deal)
BFC Partners closes on Staten Island dev site
BFC Partners closes on Staten Island dev site
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
Tech firms’ housing pledges coming up short
The housing portfolio with LIHC’s Andrew Gendron and Camber Property Group's Rick Gropper (LIHC Investment Group, CamberPG.com)
Investors nab East Harlem affordable housing portfolio for $68M
Investors nab East Harlem affordable housing portfolio for $68M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...