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 ...
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...
CC
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:
Pruitt-Igoe.
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