Skip to comments.De Blasio Announces Affordable Housing Plan [The $41 Billion Program Will Create....]
Posted on 05/05/2014 8:50:03 AM PDT by Sub-Driver
De Blasio Announces Affordable Housing Plan
The $41 Billion Program Will Create Units for More Than 500,000 New Yorkers
By WSJ Staff Updated May 5, 2014 10:46 a.m. ET
Mayor Bill de Blasio detailed a wide-ranging plan to build 200,000 new affordable housing units in New York City in 10 years, calling it a "fundamental plan to reduce income inequality."
Those who benefit from the plan "won't be living doubled up with friends they won't be living in homeless shelters," Mr. de Blasio said at a news conference in Brooklyn's Fort Greene neighborhood. The plan would provide housing to service more than 500,000 New Yorkers, he said.
He called the $41 billion program "the largest ever initiated in the history of this city."
(Excerpt) Read more at online.wsj.com ...
Wonder where he will get the money?
Oh, just raise taxes. That’ll cover it./sarc
Doesn’t New York City already have many billions of dollars in unfunded liabilities?
More welfare slavery.
I’m guessing these Projects will be placed throughout the wealthiest areas of Manhattan and Brooklyn.
At a cost of only $205,000 each!
Planned economies work real well just look at
My intuition tells me a large chunk of the $41 bil isn’t gonna be from NYS or NYC, but from Uncle Sam (or Aunt Hillary as it will be known after Jan 2017).
He’ll spend a lot of New Yorkers money on beautiful buildings that will look like shitholes within 2 years just like the welfare OCEAN FRONT buildings in Far Rockaway Queens.
Leeches don’t take care of their homes.
I’ve never felt so good about forcing people into slums. :)
what are the chances this will be nipped in the bud?
With 200,000 new housing units, NYC is bound to tip over before Guam does.
Ok, let’s do a little math. This comes out to $82,000 per person. I don’t know how he defines “unit”, but if each unit houses 2.5 people, we now are up to about 200,000 units at a little over $200,000 per unit. Given the limited availability of land in New York City, these would have to be some sort of high-rise tenements. If each building were 20 stories high and had 20 units per floor, that would take 500 buildings of high density housing. That’s going to displace a lot of existing development. Given the history of these kinds of projects, that’s going to be 500 crime-infested pigstys in about 20 years.
Comrade De Blasio will pull out his bag of goodies paid for by the productive, wealth-creating serfs that he now rules over. You sure know how to pick ‘em, NYC.
I don’t see it here but there was a article a while back about new yorkers building a large amount of 700 sq ft apartments. This is nowhere near large enough to raise children. More for the demographic implosion.
Nowadays children aren’t raised. they’re aborted.
The drug cartels can view these as business/residential zones.
Friend of mine and his wife live in Manhattan. A 500 square foot apartment with her piano. Try living like that......
Yet another reason that upstate needs to separate itself & leave NYC as their own State ... they can even keep the name.
What could go wrong?
I guess I should be more optimistic. It might turn out slightly better than Cabrini Green.
True, but just the dream that one might view Chelsea Clinton-Mezvinsky live on the street someday is inspiration for some....
Wonder how Manhattan is going to react to LOVELY GRAFFITTI covered
highrises in THEIR city!!! THESE PEOPLE NEVER LEARN,!!!! What the
hell can they NOT see what happened to the past BEAUTIFUL highrises
put up across the country!!!!
In new york that is especially true. Building these will do nothing to change that trend.
I own a building that size, I call it "my shed". I store garden and lawn tools in it.
Who knows how this *great, Socialist idea* will all play/pay out. This is all I could find, from other articles...
He has vowed to pursue mandatory inclusionary zoning, or requiring developers to include affordable units if they want permission for bigger buildings or other breaks.
De Blasio's administration also wants to legalize some illegal basement apartments, fight Albany for more rent-controlled apartments and direct $1 billion of city pension funds to building lower-rent units, among other ideas.
Yesterday, I met up with an old friend I hadn’t seen in 20 years. She was starry-eyed and gasping because she saw Chelsea Clinton coming out of a car in Chappaqua the other day. Truly, I almost turned my back on her I was so embarrassed for her.
...plan to build 200,000... housing units... in 10 years... a "fundamental plan to reduce income inequality." ...to service more than 500,000... $41 billion program...That's $82,000 per person served -- affordable? Affordable to whom? This should be bundled with the special, limited term, new tax to pay for it, I suggest calling it "The DeBlasio Redistribution-Reparations Special Housing Tax", which will cost $4917.84 per person over ten years, a mere $40 a month, well, more than that, because obviously the 500,000 to be housed shouldn't have to PAY for their own welfare...
Instant hellholes. Crime. Lice. Rats, Roaches. Garbage in the courtyards.
Watch property values plummet for a mile around.
I have the perfect name for this project of de Commio’s: