New Yorkers confront a housing crisis characterized by exorbitant rents and inadequate affordable housing options. The situation is described as both a policy and moral failure, as many residents struggle to balance housing costs with basic needs. The proposed 'Blueprint for New York' seeks to construct over 50,000 housing units each year. A key proposal includes redefining affordability by linking rent to 25 percent of each borough's median income, addressing flaws in the current reliance on Area Median Income (AMI), which misrepresents actual income levels.
With bold leadership and innovative solutions, we can rebuild New York's promise for all who call it home.
Too often, 'affordable housing' is affordable in name only. Rents are pegged to the Area Median Income (AMI), a metric skewed by the city's wealthiest zip codes.
The current AMI calculation was 'wildly divergent from actual income levels in New York City.' We will replace this broken model with a revolutionary approach.
My comprehensive housing initiative -called the 'Blueprint for New York'-proposes the addition of over 50,000 units annually, with a groundbreaking approach to affordability: setting rents at 25 percent of each borough's median income.
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