How to revitalize city housing: OPINION

TRD New York /
Jan.January 20, 2014 03:35 PM

Revitalizing the New York City Housing Authority’s aging infrastructure is a daunting task, but indisputably important. Leonard Grunstein argues in a recent Crain’s op-ed that the city needs to tap modern financial tools, scale back construction regulation and seek federal assistance in order to rescue some of the city’s most decrepit housing stock.

Grunstein urged the city to look harder at public-private partnerships and while loosening use and zoning regulations that inhibit new construction.

He pointed to the partnership between the Battery Park City Authority, the state and city and private developers — which successfully overhauled that area, marginalized by the 9/11 attacks but now an attractive residential area — as a possible template. He also wagged a finger at the city for not readily taking advantage of the Department of Housing and Urban Development’s grant program, saying the Big Apple should follow examples set on that front by Boston and Chicago.

Grunstein also proposed the implementation of a 50/30/20 program that would designate 50 percent of units for luxury housing, 30 percent for middle-income and 20 percent for low-income.

Lastly, he took aim at rising taxes, writing that city leaders should redevelop housing projects rather than boost taxation to fund their maintenance. [Crain’s]Julie Strickland


Related Articles

arrow_forward_ios
HUD's Lynne Patton and of Frederick Douglass Houses resident Claudia Perez (Getty; RNC)

NYCHA tenants say they were duped into RNC video appearance

NYCHA tenants say they were duped into RNC video appearance
NYCHA CEO Gregory Russ and NYCHA houses (Credit: Minneapolis Public Housing Authority, Spencer Platt/Getty Images)

NYCHA tenants with zero income pay zero rent

NYCHA tenants with zero income pay zero rent
New York City Deputy Mayor of Housing and Economic Development Vicki Been and New York state Sen. Brad Hoylman (Credit: Been via NYU; Hoylman by Roy Rochlin/Getty Images)

Chorus for moratorium on evictions grows louder in New York

Chorus for moratorium on evictions grows louder in New York
NYCHA wants to create “citywide clearinghouse” for its 80M sf of air rights

NYCHA wants to create “citywide clearinghouse” for its 80M sf of air rights

NYCHA wants to create “citywide clearinghouse” for its 80M sf of air rights
The Red Hook NYCHA Houses in Brooklyn (Credit: Jim.henderson via Wikipedia)

NYCHA hit with class action alleging “deplorable” conditions

NYCHA hit with class action alleging “deplorable” conditions
East Williamsburg’s Williamsburg Houses and the Harlem River Houses and (Credit: Wikipedia)

NYCHA inks $1.5B deal to privatize management of 5,900 units

NYCHA inks $1.5B deal to privatize management of 5,900 units
NYCHA housing (Credit: Wikipedia)

Feds launch investigation into landlords’ lead levels

Feds launch investigation into landlords’ lead levels
State Senator Julia Salazar and Assemblymember Harvey Epstein (Credit: Getty Images)

Pols take aim at private equity with plan to tax mezz debt

Pols take aim at private equity with plan to tax mezz debt
arrow_forward_ios

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

Loading...