What to like and hate about Cuomo's housing plan

Andrew Cuomo's housing plan has been criticized for its cautious nature and inability to boldly tackle New York's housing crisis. By excluding new homes in low-scale neighborhoods, he appeases NIMBY advocates, which may alienate residents in need of affordable housing. While Cuomo acknowledges the supply problem, the trajectory of housing growth—82,000 units over 15 years—is deemed insufficient. Despite outlining some positive directions toward evidence-based rent regulations, the overall tone of the plan appears hesitant, aimed at securing political support from middle-class homeowners who fear change.

Cuomo's housing plan, though noted for its cautiousness, fails to address urgent needs by ruling out new homes in low-scale neighborhoods, catering to NIMBY concerns.

The housing blueprint recognizes supply as the core issue but stops short of bold action, permitting existing zoning limitations to persist, a move applauded by conservative homeowners.

Read at therealdeal.com