Quinn approved funds for nonprofit that backs her affordable housing plan

New York /
Apr.April 16, 2013 10:00 AM

City Council Speaker Christine Quinn’s affordable housing proposal – a key component of her mayoral pitch – is being supported by a nonprofit housing advocate group that Quinn granted funds to for three consecutive years, the Wall Street Journal reported.

Quinn’s plan calls for 80,000 new low-cost apartments that could remain permanently below market-rate.

The plan has been resisted by many housing advocate groups, who argue that it would impede building financing and result in a lower number of affordable units. But the Association for Neighborhood and Housing Development, which Quinn has approved $100,000 in city funds for in each of the past three years, has taken up her mantle, producing a series of reports about the benefits of permanently affordable housing.

A contract with the city stipulates that the association — a registered lobbyist — must use the money to “convince the state and city to incorporate permanent affordability” into government housing policy, which is what Quinn is pushing for in her candidature.

Civic groups told the Journal that the arrangement was an unusual one. “It’s not typical of discretionary-funding projects to have a more advocacy angle, said Rachael Fauss of Citizens Union, a nonprofit group that observes city and state budgets. “What’s different is that this is for advocacy more than for direct services.”

Benjamin Dulchin, the Association for Neighborhood and Housing Development’s executive director, defended the move to the Journal, while adding that the money would also be used for policy research. “Putting a position out there is what we do,” Dulchin said. “We are proud of the fact that we took permanent affordability from a pipe dream to something that people saw as realistic and implementable.”

Most government subsidies for the city’s privately built affordable housing have a 30-year expiration date. Quinn’s plan would push the state to create a new city affordable housing tax credit and require developers who receive it to renew the affordable aspects of their buildings every 30 years. [WSJ]Hiten Samtani


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
Goldman Sachs CEO David Solomon and National Affordable Housing Trust CEO Lori Little (Getty, National Affordable Housing Trust, iStock)
Goldman Sachs to launch fund supporting Black affordable developers
Goldman Sachs to launch fund supporting Black affordable developers
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
arrow_forward_ios

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

Loading...