As New York City grapples with a severe housing crisis, mayoral candidates present differing strategies to tackle the issue. The vacancy rate remains under 2%, and rental prices have surged, particularly in Brooklyn and Manhattan. Attorney Jim Walden's plan stands out for its detail, proposing new residential units priced at 25% of each borough's median income, a shift from the current AMI. He further suggests policies to enhance affordability, streamline approvals, and involve community boards in zoning decisions, alongside addressing NYCHA properties and homeless housing solutions.
Attorney Jim Walden's detailed housing plan proposes new residential units priced at 25% of borough median income and aims for 30-35% affordability in new housing projects.
With NYC's housing crisis evident through historically low vacancy rates and rising median rents, mayoral candidates are presenting varied approaches to address the issue.
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