{*}
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024 May 2024 June 2024 July 2024 August 2024 September 2024 October 2024 November 2024 December 2024 January 2025 February 2025 March 2025 April 2025 May 2025 June 2025 July 2025 August 2025 September 2025 October 2025 November 2025 December 2025 January 2026 February 2026
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
17
18
19
20
21
22
23
24
25
26
27
28
News Every Day |

NYC's outgoing planner says Mamdani's proposed rent freeze must avoid 'pushing buildings into distress'

  • Dan Garodnick led major NYC zoning changes with City of Yes policy.
  • Mayor Mamdani faces challenges in addressing NYC's housing crisis.
  • NYC tests balancing affordable rent with landlord stability.

In his four years as director of the New York City Department of Planning, Dan Garodnick oversaw one of the most sweeping changes to the city's zoning rules in decades. The policy, called City of Yes, initiated a collection of revisions to boost housing, including updates that allow new apartment projects to add bulk used for affordable housing, homes to convert basements or add backyard cottages as accessory dwellings, and more office buildings to be converted into residential space.

Mayor Zohran Mamdani won the election last year on bold campaign pledges to deliver solutions for a worsening housing and affordability crisis. Mamdani's promises to freeze rents, however, could further dissuade owners of aging rent regulated apartment buildings — who were already dealt a financial blow by a 2019 change to the rent regulation rules — from performing needed maintenance.

Mamdani's mayoralty will be a test whether politicians across the country can lower housing costs without destabilizing the landlords that build and maintain most of the housing stock.

Garodnick, who will soon leave his post, spoke with Business Insider to look back on his accomplishments and offer advice to the new mayor. The conversation has been edited for length and clarity.

The real estate community has not been excited about Mamdani. What would you tell them?

I would encourage them to give him a chance to lay out his agenda for housing and economic development and make their determinations.

What advice did you give him? Did you give him any?

Focus on delivering results and making sure that the government can execute ideas at scale. And also that the city council is meant to be an active counterbalance to the mayor, and that is something he should embrace and to give elected officials the tools they need to be able to say yes to hard things.

Do you think Mamdani will freeze regulated rents? Do you think that's the right move?

Yes. I think that's a top priority for the mayor, and I think people should expect to see that.

I think it's an important signal to renters that the mayor is looking out for them and their interests. I also think it's important to strike a balance here and make sure that it does not have unintended consequences and push buildings into distress.

Landlords of regulated buildings are saying their properties are falling apart, and they have no incentive to fix them. Do they need money from rent increases?

It's important that the city and state make sure that its policies not only protect tenants from unreasonable rent increases and abuse from landlords, but also that the living conditions and the health and safety of these buildings is satisfactory too. We need to make sure that we're striking the right balance here.

After four years at the agency, how does it feel to leave?

We enabled through zoning changes in four years, more homes than had been enabled in the prior 20 years combined.

You have rules that were written 60 years ago that had the effect of limiting too narrowly where and how much housing you can build. It is no surprise then that you would see many neighborhoods of the city producing little or no house. City of Yes was designed to enable a little more housing in every neighborhood of the city.

The real estate community says that may be impressive, but it's still not enough to get housing built at scale.

There is no question that while zoning sticks around for long periods of time, there are other factors like the interest rate environments, the existence of a tax incentive, or even any single property owner's appetite for risk or access to capital.

There is often substantial pushback against ambitious rezonings. What does that say about the public's reception to housing development at scale?

Change is hard, and people are rightfully skeptical. We focused relentlessly on clarity, plain language explanations, visual tools, multilingual outreach, and engagement with communities across the city. We met people where they were, and we explained how outdated rules affect everyday life and made the case that the housing crisis isn't inevitable.

What is the political feasibility in your mind of dramatic solutions to the housing crisis, specifically large-scale development?

We wanted to strike a balance here that was historic in its scale, but also something that we believed we could build support for. That is always going to be a balance. I will note that the voters of New York City recently approved charter revisions, which will make it easier in some cases to allow for housing to be approved more quickly and shows that there's an appetite for the city, the mayor, the city council, to continue to take some big swings at this problem.

What do you think those big swings will be?

Mayor Mamdani has been clear about his interest in creating more housing in New York City and has cited City of Yes as an important template to build on. As he's shaping his agenda, I would expect you might see some exciting new initiatives that continue to move the ball forward.

Read the original article on Business Insider
Ria.city






Read also

Phedonos set to testify as investigations near completion

원타임카지노

Beste Online Casinos in Deutschland.462

News, articles, comments, with a minute-by-minute update, now on Today24.pro

Today24.pro — latest news 24/7. You can add your news instantly now — here




Sports today


Новости тенниса


Спорт в России и мире


All sports news today





Sports in Russia today


Новости России


Russian.city



Губернаторы России









Путин в России и мире







Персональные новости
Russian.city





Friends of Today24

Музыкальные новости

Персональные новости