The Mitchell-Lama housing program historically provided affordable homeownership options for working-class families in New York City. Over the years, many buildings have exited this program, leading to a decline in affordable co-ops amid rising housing costs and inequality. Politicians often emphasize rental solutions, neglecting the critical need for affordable homeownership options. Addressing this gap is essential to stabilize the housing market and support working-class families in building wealth.
Affordable homeownership in New York has deteriorated as the Mitchell-Lama program—once a lifeline for working-class families—has suffered significant attrition since the mid-1980s.
Rising rents and income inequality have redefined New York City, with programs like Mitchell-Lama that used to provide stability and wealth-building opportunities for families becoming rare.
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