Public Advocate says Christine Quinn’s affordable housing plan mainly benefits developers

TRD NEW YORK /
Feb.February 15, 2013 10:30 AM

New York City Public Advocate and mayoral hopeful Bill de Blasio slammed City Council Speaker Christine Quinn’s affordable housing platform, saying it pandered to the interests of the real estate industry, the New York Observer reported.

In Quinn’s State of the City address earlier this week, she proposed a cap for property taxes for whole buildings that pledged to set aside a certain percentage of their units as affordable. The plan mirrored a 2011 proposal by the Real Estate Board of New York, which an aide from the Bloomberg Administration had described as “a large tax break dressed up as a housing policy.” In his final State of the City address yesterday, Mayor Michael Bloomberg also emphasized the need for more affordable housing.

“I’ve had my ups and downs and downs with the mayor,” de Blasio said at a press conference Wednesday attended by the Observer. “But when the mayor says it’s fiscally irresponsible to give so much money to the wealthy, you know you’ve got a problem.”

He also pointed out Related Companies’ living wage exemption on the Far West Side, which was negotiated by Quinn. “And in that case we weren’t even talking about affordable housing,” he said, although Hudson Yards does have a below-market rate housing component. “We were talking about people trying to make at least $10 an hour so that they could feed their families.”

In lieu of Quinn’s proposal, de Blasio said he would employ the city’s own resources to create affordable housing, but did not specify how he would fund this initiative. [NYO]  –Hiten Samtani

 

Related Articles

arrow_forward_ios
Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

From left: Obligo COO Omri Dor, Jetty CEO Michael Rudoy, Rhino CEO Paraag Sarva and The Guarantor CEO Julien Bonneville (Credit: The French Studio via YouTube, Twitter, LinkedIn)

Startups salivate as pols target security deposits

Mayor Bill de Blasio (Credit: Getty Images)

Four more lead-paint laws hit landlords

Mayor Bill de Blasio (Credit: Getty Images)

“Good cause” by any other name: De Blasio calls for tenant protections

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio warns of ‘bad landlords,’ admits affordable housing plan ‘is not enough’

Mayor Bill de Blasio (Credit: Getty Images)

First broker fees, now security deposits? Mayor wants to free certain apartments from such payments

Scott Stringer (Credit: Getty Images)

Scott Stringer calls for “universal affordable housing,” end to 421a

Mayor Bill de Blasi0, a rendering of Halletts Point, and Douglas Durst (Credit: Getty Images, Durst)

Feud with de Blasio pushes Durst to shelve Halletts Point

arrow_forward_ios
Loading...