Professional Documents
Culture Documents
Land
Housing
Create homes for almost
a million more New Yorkers,
while making housing more
affordable and sustainable
Open Space
Ensure that all New Yorkers
live within a 10-minute walk
of a park
Brownfields
Clean up all contaminated
land in New York City
Housing
Credit: Alexander Garvin
Create homes for almost
a million more New Yorkers,
while making housing more
affordable and sustainable
The saloons began appearing on Hunters Point in the 1860s. As travelers emerged from the
new Flushing & North Side Rail Road, they stopped in at new restaurants before transferring to
ferries that carried them across the East River to the shore of Manhattan.
The use would soon shift. Although commuters began to dwindle when the railroad started
17
providing direct service to Manhattan, by then gas plants, chemical factories, and other types
of heavy manufacturing had begun moving in. By the start of the 20th Century, Long Island City
had one of the highest concentrations of industry in the country; some 300 companies
employed 16,000 workers, making everything from automobiles to chewing gum.
But as manufacturing declined across the city, the factories and gas plants in Hunters Point
also began to close. The saloons shut down. The land was stripped of its activity, leaving behind
contaminated soil and a degraded creek. And that’s how it stayed for decades.
Today, the southern edge of the waterfront sits stark against the Manhattan skyline; an empty
stretch of land against the spires of the cityscape. On a day this past winter, the site was
covered in crushed rock and debris; huge cement cylinders and tangles of heavy-duty wire
rise in piles. But another shift is underway.
Clusters of tall skyscrapers are starting to rise in Queens West; since the first apartment
building opened in 1997, developers have built 1,000 units, with more than 4,000 units either
planned or underway. The City is slated to transform the remaining land with 5,000 new units—
60% of which will be affordable to moderate and middle income New Yorkers. The former
commuter outpost and industrial center is becoming the newest neighborhood in New York,
just a five-minute ferry or one-stop subway ride from Manhattan.
You can see growth and reclamation Already, housing for more than 200,000
across New York. Construction is at record people is in the pipeline. As we look ahead to
levels. Swaths of decaying industrial land 2030, our challenge is to house nearly another
along the waterfront are being reshaped 700,000 people between 2010 and 2030.
into new neighborhoods, with riverside Growth on this scale is not impossible—
promenades, parks, and housing. We are indeed, we have done it before. In the last 25
re-evaluating our city’s land-use patterns at years alone, we added nearly 315,000 new
an unprecedented pace, with more than 60 units, and more than 1.1 million new residents.
rezonings in total encompassing over 4,500 But two lessons from that period of devel-
blocks including the Brooklyn waterfront, opment have emerged that should guide
Morrisania and Port Morris in the Bronx, and our growth over the next quarter century.
the west side of Manhattan. The first lesson is that all growth is
Queens West, foreground not equal.
60,000 $100
90
55,000
80 50
PERCENT
45,000 60
PARCELS
40
40,000 50
40
35,000
30
30,000 30
20
25,000 10
20,000 0 20
1995 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 2006 1950 ’55 ’60 ’65 ’70 ’75 ’80 ’85 ’90 ’95 2000 ’05
Source: NYC Department of Finance Source: U.S. Census Bureau Housing and Vacancy Surveys
As our city faces unprecedented levels of ing density, and away from places with little But one of the biggest pressures on hous-
population, some fear that change will not ability or will to accommodate newcomers. ing prices has been the diminishing cushion
enable opportunity, but rather erase the char- While less than 70% of New York’s population between zoned capacity—the number of
acter of communities across the city. That is lives within a half-mile of mass transit, 80% of units that theoretically could be built accord-
why we cannot simply create as much capac- the housing unit capacity created since 2000 ing to the zoning code—and built units. As
ity as possible; we must carefully consider the is transit-accessible. the number of housing units continues to rise,
kind of city we want to become. Today, New York has an opportunity not developers have to compete for a shrinking
We must ask which neighborhoods would only to grow, but to enhance the strengths of supply of vacant or under-built land.
suffer from the additional density and which the city itself. This means developers pay a “scarcity pre-
18 ones would mature with an infusion of people,
We have also learned that just planning for the
mium” for the remaining sites, and that pre-
jobs, stores and transit. We must weigh the mium feeds into the price of new housing. The
required number of units will not be enough
consequences of carbon emissions, air qual- competition also empowers land owners to
to assure affordability.
ity, and energy efficiency when we decide hold out for the highest possible price without
Not long ago, our greatest housing chal-
the patterns that will shape our city over the worrying that developers will be able to find
lenge was abandonment. But as our city’s
coming decades. easy, comparable alternatives.
resurgence continues to attract record num-
In its early history, New York avoided this
For most of the 20th century, New York’s rapid bers of residents, the most pressing issue we
problem. New York’s zoning code in 1958 pro-
growth followed the expansion of the subway face today is affordability. In 2005, more than
vided the potential for 55 million people to
system, as mass transit allowed residents of half of all New Yorkers paid more than 30% of
live in the city—when we had about 7.8 mil-
an overcrowded city to disperse to lower-cost their income toward rent—among the high-
lion residents. In 1961, the city overhauled its
land on the edges of the city—while giving est burdens in the nation and a three per-
zoning ordinance, but it still provided poten-
them easy access to the jobs concentrated at cent increase from the previous Housing and
tial for 12 million residents. But since then,
the center. Vacancy Survey in 2002. According to the
despite recent rezonings, our overall capacity
We have not always made smart choices Furman Center, the number of apartments
has actually decreased—to about 400,000
since. Between 1970 and 2000, many of our affordable to low- and moderate-income New
possible new units on soft sites.
greatest areas of growth have been under- Yorkers shrank by 205,000 units between 2002
That means we only have space—if every
served by transit; many of our most con- and 2005. In a recent poll, more than 64% of
significantly underdeveloped and vacant site
nected urban centers have either lost popula- people cited housing costs as a major factor in
was developed to its full potential—to build
tion or experienced only modest growth. moving out of the city. (See chart above: Rent-
new housing for 1.3 million more people. But
Meanwhile, development pushed out into Burdened Households in New York City)
many of the sites will not be developed to
parts of the city that depend more heavily on Low vacancy rates and increasing demand
their maximum capacity. By 2030, we expect
cars. Although spreading housing across New have plagued the city’s housing market, pro-
900,000 more people to arrive. If supply is not
York helped fuel the diversity of neighbor- viding upward pressure on housing prices.
created as fast as people arrive, affordability
hoods and lifestyle choices that distinguish And despite the fact that housing production
could suffer further.
our city, growth in these areas will not stay in 2005 and 2006 represented the highest two-
The Mayor’s $7.5-billion New Housing Market-
sustainable. As we face unprecedented levels year total for residential building permits since
place Plan, which will build or preserve 165,000
of population, our growth moving forward 1965, we still face a significant gap between
units for 500,000 people over 10 years, is more
must be more transit-oriented; this will stem the supply of housing and our population.
than has ever been done before. But it will not
increasing travel times and congestion on our As potential building sites have become
be enough through 2030. Housing 500,000
roads, protect our air quality by avoiding the scarcer across the city, the land price com-
New Yorkers will be an historic achievement;
need for more cars, and reduce our global ponent of housing costs has risen. And the
but it must also be the beginning.
warming emissions. supply continues to dwindle, helping to drive
In the last five years, we have turned the land prices to new levels. (See chart above:
corner. New Yorkers have begun to shift back Vacant Land in New York City)
toward transit centers, into areas with exist-
HOUSING CREATE HOMES FOR ALMOST A MILLION MORE NEW YORKERS, WHILE MAKING HOUSING MORE AFFORDABLE AND SUSTAINABLE
Potential Population Growth Scenario
2010 to 2030
7,500 or more
5,000–7,499
2,500–4,999
1,000–2,499
20
HOUSING CREATE HOMES FOR ALMOST A MILLION MORE NEW YORKERS, WHILE MAKING HOUSING MORE AFFORDABLE AND SUSTAINABLE
Publicly-Initiated Rezonings Transit-Accessible Population in New York City
2002 to Present People living within 1/2 mile of a subway
facilitates residential/commercial
development
promotes neighborhood
preservation 100%
PERCENT
40
20
0
1970 2000 2010 2010–2030
Source: NYC Department of City Planning Source: NYC Department of City Planning
HOUSING CREATE HOMES FOR ALMOST A MILLION MORE NEW YORKERS, WHILE MAKING HOUSING MORE AFFORDABLE AND SUSTAINABLE
Case Study
Re-imagining P.S. 109
community in addition to residents. Topping The castle-like P.S. 109 once housed
off the multi-use building will be a green roof elementary school children from around
—sustaining not just the community’s seniors, its East Harlem neighborhood. In 1996,
but the environment in which they live. Ini tiative 5
when the Department of Education
This partnership recognized the potential Adapt outdated buildings witnessed a decline in the area’s school-
for achieving simultaneous goals on City-
owned land: building affordable housing while
to new uses age population they closed the school,
preserving the supply of affordable parking We will seek to adapt unused slating it for demolition three years later.
spaces. The City will seek to form equally schools, hospitals, and other outdated That’s when East Harlem community
productive alliances with other government municipal sites for productive use groups stepped in, seeking to preserve
agencies and departments in its search for the historic structure, with its slotted
additional land for housing.
as new housing
roofs and gargoyles intact. They won; and
Across the city, dozens of sites are no longer
demolition plans were dropped.
We will continue our partnership appropriate for their original intended use; but
can be reclaimed for a new purpose. Whether But in the years following the decision,
with the New York City Housing
it is redeveloping abandoned warehouses or P.S. 109 sat abandoned. Surrounding
Authority (NYCHA) to build 6,000 transforming closed hospitals—like the land- school districts were only at 74%
new affordable units marked Sea View nurses’ residence that will capacity; another school was not needed.
become a new housing project for seniors— That’s when Artspace, a Minneapolis-
When NYCHA first began building housing
we can preserve some of our most beautiful
projects across New York in the 1930s, the based developer of art housing, and El
buildings while meeting the city’s most critical
design of public housing and its integration Barrio’s Operation Fightback, a commu-
housing needs.
into the urban landscape differed from our nity and housing advocacy organization
As we move ahead over the next two
understanding today. The buildings rose as tall
decades, we must continue searching for in East Harlem, approached the City.
towers surrounded by open space, set back
from the street and without access to stores
other opportunities in underused schools, They asked for the chance to turn 23
or retail. Built into the project were dozens,
hospitals, and office buildings. Where appro- the building into affordable housing for
priate we will partner with the Landmarks neighborhood artists.
sometimes hundreds of parking spaces for
Preservation Commission to save this irre-
residents, reflecting the automobile-centered Artspace and Operation Fightback are
placeable architecture and restore its place
focus of the mid-twentieth century. now on their way to converting P.S. 109
as an integral part of our evolving city. We can
These spaces are now lightly used—leav-
also rethink these buildings to meet some of into 64 combined living and studio art
ing stretches of the developments sitting as
vacant concrete. That’s why in 2004, NYCHA
our city’s unique needs; P.S. 109 is currently spaces as part of a $28.8 million
signed an agreement with HPD to begin tar-
being converted into artists’ housing and renovation project.
studios. By working with HPD and the Depart-
geting some of these empty areas for new The entire building will be affordable and
ment of Cultural Affairs to open new afford-
housing. On the west side of Manhattan, 98 residents from the East Harlem commu-
able spaces for artists, we can not only pre-
underutilized parking spaces were scattered nity, including local artists, will be given
serve our physical city but also its essential
across three separate sites. As part of the
creative spirit. (See case study: Re-imagining preference for 50% of the buildings units.
Hudson Yards rezoning, these areas will now
P.S. 109) “The building wasn’t being utilized, and
be redeveloped to provide 438 units of afford-
able housing. now we’re keeping it as a community
By 2013, we will develop 6,000 new afford- center,” said Gus Rosado, executive
able units through this partnership, including director of El Barrio’s Operation Fightback.
sites in East New York and East Harlem.
Additional opportunities exist to co-locate
Plans include a public space for arts
housing with other functions on govern- education, and a gallery on the first floor.
ment-owned sites. Near Surf Avenue in Coney “Real estate values in the area are
Island, the Economic Development Corpora- going through the roof, and artists
tion is partnering with HPD to create 152 units are getting squeezed out—they’re the
of housing integrated with a 40,000 square
first to go, because they can’t find
foot community center. Other examples of
possible co-locations include schools, librar-
space to practice their craft,” Rosado
ies, and supermarkets. said. “This gives them that opportunity,
and it’s affordable.”
underutilized areas across the city We will examine the potential of major unique mass transit alternative for peripheral
travel between Brooklyn and Queens and sup-
that are well-served by transit and infrastructure expansions to spur port both residential and commercial growth
other infrastructure growth in new neighborhoods in Jamaica.
Throughout the city, there are areas that fail Because so much of the transit system is
to take advantage of their significant exist- already strained, investment in transit infra-
ing infrastructure. New York City can accom- structure is a key component of accommodat-
modate part of our growing population by ing growth.
rethinking the uses in these areas. Once New Yorkers were crowded into
Working together with communities, we neighborhoods like the Lower East Side at den-
can create places where people want to work sities that approximate conditions in some of
and live. We have identified a number of loca- the world’s most congested cities. By extend-
tions to explore, including the Broadway Junc- ing the city’s subway system out into the then-
tion area of Brooklyn, where three subway open land of the so-called outer boroughs, we
lines and the Long Island Rail Road converge. opened up new land for development, reduced
But the zoning capacity has never matched overcrowding in Manhattan, and provided a
this area’s potential. By recognizing this diversity of living conditions throughout the
neighborhood’s ability to absorb responsible city. While the city has very little open land
growth, we could create capacity for thou- remaining for future growth, it can incorporate
sands of new housing units. the principle of using infrastructure investment
to support future development.
HOUSING CREATE HOMES FOR ALMOST A MILLION MORE NEW YORKERS, WHILE MAKING HOUSING MORE AFFORDABLE AND SUSTAINABLE
Grand Central
Park Avenue near Photos Expansion of Zoned Housing CapacitySubtitle
Grand Central Terminal
Subtitle
1930s
large private publicly-initiated new housing areas of
applications rezonings on public land opportunity
TOTAL 318,400–497,300
seven subway lines, the Long Island Rail Road, A platform could be constructed over the
and Amtrak. Residents could walk directly and below-grade section of the BQE to create nine
safely to the shopping on Steinway Street in new blocks of housing while reconnecting two
Ini tiative 8 Astoria; residents in Long Island City could neighborhoods. Another example of a disrup-
commute from an LIRR station within their tive highway that could potentially be covered
Deck over railyards, rail lines, neighborhood and children from the surround- over includes the Gowanus Expressway.
and highways ing communities could play on new ballfields. Some of these areas may be better suited
We will explore opportunities to create By developing the site, the City could create than others for future development due to
new land by constructing decks over an entirely new neighborhood, connect long- their accessibility to rail and mass transit, and
transportation infrastructure separated communities, eliminate the noise the physical configuration of the sites. Given 25
and blight of an exposed railyard, and provide market conditions, some may not be able to
Throughout the city, in all five boroughs, high- a transportation hub for anyone traveling to support development for many years while
way and rail infrastructure is essential to life or from Queens and Long Island. others may make economic sense sooner.
in the city. But for the most part, they are To be sure, any such development would We know that the one-size-fits-all approach of
places where communities stop; where neigh- be complicated. It is an active and essential earlier eras will not work. Building communi-
borhood is divided from neighborhood. This rail yard that cannot be disrupted, and addi- ties requires a carefully tailored approach to
need not be so. (See photos above: Creation of tional infrastructure construction as part of local conditions and needs that can only be
Park Avenue) the East Side Access project is now under- developed with local input. We will begin the
Exposed railyards, highways, and rail lines way. As a major portal to Manhattan, the area process of working with communities, the
that cleave neighborhoods apart have period- already suffers from traffic congestion. On the agencies that operate these facilities, and
ically been built over to open up surrounding other hand, it offers an exceptional opportu- other stakeholders to sort through these com-
land for development—most notably along nity to expand the existing Dutch Kills and plicated issues. (See table above: Expansion of
Park Avenue in Midtown. Just a few blocks Hunters Point neighborhoods, to provide for Zoned Housing Capacity)
west sits Caemmerer Yards in the Hudson new places of employment, and to connect
Yards area, which will be decked over for hous- the areas east and west of the yards that are
ing, offices, a cultural center and public open now crossed by only a few streets.
space. There are numerous opportunities to Other examples of possible platform proj-
reknit the city’s neighborhoods together. ects are the former railroad space adjoining the
As our search for land becomes more Staten Island Ferry that could be used to con-
pressing in the coming decades, we must be nect the St. George neighborhood to its water-
prepared to work with communities to explore front, and the 36th Street Rail Yards on the
the potential of these sites. southern edge of the Green Wood Cemetery in
Probably, the most frequently cited oppor- Brooklyn. Building on a platform over it could
tunity to use existing infrastructure sites more result in substantial new units of housing.
creatively is the Sunnyside Yards in Long Island Exposed highways offer a similar oppor-
City, Queens. With transit access nearby, and tunity. One such site is over the Brooklyn-
new commuter rail access planned as part of Queens Expressway (BQE) between Carroll
the East Side Access project, it has often been Gardens and Cobble Hill also in Brooklyn. Just
looked to as a potential development site. The south of Atlantic Avenue, the BQE dips into a
open railyards span nearly 200 acres; devel- depressed section of roadway bordered on
oping even the first section could create hun- either side by Hicks Street. Continuing straight
dreds of housing units with stores, schools, through to the entrance to the Brooklyn Bat-
playing fields, and parks. tery Tunnel, this sunken highway divides
The site could also include an intermodal Cobble Hill and Carroll Gardens from the river
transportation facility at the intersection for and the community along Columbia Street.
Expand targeted
affordability programs
Ini tiative 9 Initiative 10
New York’s recent boom in housing permits
is already shrinking the gap between hous- Develop new financing strategies Expand inclusionary zoning
ing supply and demand. We will continue to pursue creative We will seek opportunities to expand
But to truly address the challenge of financing strategies to reach new the use of inclusionary zoning, har-
affordability, we must pair these actions
26 income brackets nessing the private market to create
with targeted strategies to make sure that
these new housing sources are available to Under the expanded 10-year New Housing economically-integrated communities
the full spectrum of New Yorkers. Some Marketplace Plan, the City will create 92,000 When the Department of City Planning (DCP)
income groups have found themselves new units of housing. But just like other cities approached the rezoning of Maspeth-Wood-
priced out of the private market—but unable across the country, New York City struggles side, Queens, it wanted to preserve the neigh-
to benefit from the City’s affordable housing to provide housing to a range of incomes. As borhood’s rows of single-family houses set-
programs because their incomes are too a result of the existing resources available to tled along quiet, residential blocks. But along
high. To maintain a diverse workforce and a create housing, HPD programs have tradition- Queens Boulevard, the wideness of the street
vibrant city, we must reach out to these ally targeted populations earning between was not matched by the scale of the housing
groups and ensure that the City’s programs $20,000 and $40,000 per year. and shopping opportunities. So, in addition to
address the broadest range of housing By enhancing our existing middle income acting to preserve the character of the interior
needs. programs and committing additional capital blocks, DCP opened up the broader boule-
To this end, we expanded our New Hous- funding to develop a new Middle Class Hous- vards to a mix of affordable units and private
ing Marketplace Plan in 2006 to create and ing Initiative, 22,000 units will be targeted market development. But this rezoning was
preserve 165,000 units of housing by 2013. toward New Yorkers earning between $50,000 different: the Maspeth/Woodside rezoning
HPD anticipates that 68% of the units will be and $145,000 per year for a family of four. included the first inclusionary zoning program
affordable to households earning less than In addition, the New York City Housing ever in Queens.
80% of 2005 Area Median Income (which is Trust Fund will utilize approximately $70 mil- Inclusionary zoning enables developers to
approximately $50,000 for a family of four or lion of Battery Park City Authority revenues build larger buildings in exchange for dedicat-
$35,000 for a single person) and the remain- to target households earning below $20,000 ing a percentage of their units to affordable
ing 32% of units will serve moderate and and households earning between $42,540 housing, either onsite or within a short dis-
middle-income New York families. and $56,700. tance. Traditionally, this strategy has been lev-
But even though this plan is the most Finally, the $200 million New York City Acqui- eraged across Manhattan and emerging areas
ambitious in American history, we know we sition Fund will be used as early stage capital of Brooklyn, where the pace of development
will need to continue pushing for new to acquire privately-owned land and buildings and surging demand has attracted record
options through 2030. (See case study above: that will enable the construction and preserva- numbers of building permits. Developers have
Abandonment to Affordabilty) tion of 30,000 units of affordable housing. been eager to incorporate more units, and in
All three programs provide new sources of exchange, create more affordable housing for
funding to meet the housing needs of popula- neighborhoods, fulfilling the promise of the
tions that have been underserved by City pro- city—people from every background living
grams in the past. side-by-side in a single neighborhood. Now
that kind of demand is spreading across all
of New York.
HOUSING CREATE HOMES FOR ALMOST A MILLION MORE NEW YORKERS, WHILE MAKING HOUSING MORE AFFORDABLE AND SUSTAINABLE
Already, we have incorporated inclusion- such as Habitat for Humanity, towards the pur- this case, HPD has arranged the successful
ary zoning provisions in Hudson Yards and chase of a home. For New Yorkers who don’t transfer of more than 1,000 units from HUD’s
West Chelsea on the west side of Manhattan have enough money saved for their down foreclosure pipeline to responsible new
and in Greenpoint-Williamsburg and South payment and closing costs, HPD’s HomeFirst owners. But there are thousands more units
Park Slope in Brooklyn. Many other rezonings Down Payment Assistance program provides we need to preserve. Over the coming years,
incorporating inclusionary zoning have been qualified home buyers with up to 6% of the we will work to create a comprehensive strat-
completed or are underway, including in Fort home’s purchase price. egy to preserve these units with the goal of
Greene and the Lower East Side. We must con- In addition, we are continuing to partner providing incentives to owners to keep their
tinue to maximize this strategy as we evaluate with the Nehemiah program, a collaboration buildings affordable or to transfer them to
possible new rezonings to ensure that not between HPD and a consortium of commu- responsible ownership. As the housing market
only is more housing produced, but also that nity-based churches in Brooklyn that over the in New York continues to evolve, the City is
it is more affordable. past 15 years has constructed nearly 3,000 committed to adapting its preservation strate-
single-family homes in East New York and gies to ensure we save this valuable stock of
Brownsville. Under the Neighborhood Homes affordable housing. In fact, preserving 37,000
Program, HPD conveys occupied one- to four- of these units is an explicit goal of the New
family buildings to community-based not- Housing Marketplace Plan.
for-profit organizations for rehabilitation and
Ini tiative 11 eventual sale to owner-occupants.
Encourage homeownership
We will continue to develop programs Conclusion
to encourage homeownership,
We have seen the shift that can occur over
emphasizing affordable apartments Initiativ e 12 25 years. Since 1980, the city’s housing crisis
over single-family homes Preserve the existing stock of completely reversed, from abandonment 27
to affordability. Each question has been
Most people consider homeownership one affordable housing throughout equally urgent.
of the foundations of the American dream. In
New York City, the homeownership rate is the
New York City We recognize that the strategies discussed
highest it has been since we began collect- We will continue to develop programs here—rezonings, maximizing affordability
ing information on homeownership in 1965: to preserve the existing affordable on public land, looking at new areas of oppor-
tunity, developing innovative financing pro-
currently 33% of New Yorkers own their own housing that so many New Yorkers grams, expanding the use of inclusionary
homes. While this is an all-time high for the
city, we will continue to encourage homeown-
depend upon today zoning, and supporting home ownership—will
ership so that more New Yorkers can build As we focus on developing affordable housing, have to be adjusted as the market changes,
equity and savings instead of spending money we must not forget that a considerable stock and new approaches may need to be added.
on rent that they will never recoup. of affordable housing already exists in New Our efforts must reflect the dynamism of New
For those who do leap into the home- York. One particular stock of affordable hous- York and its growing population if we are to
ownership market, their choices have been ing that is at risk is the government-assisted be successful in addressing the city’s hous-
constrained by the available supply. Smaller stock. A significant number of New Yorkers ing needs. We must be prepared to respond
houses, including two-family and three-family rely on 250,000 units of affordable housing with creativity and compassion as newer chal-
homes, have traditionally provided the first provided by the Mitchell-Lama program, the lenges emerge.
opportunity for renters to become homeown- Low-Income Housing Tax Credit Program, and The mixture of residents will determine,
ers across New York City. HUD-financed properties. These units repre- more than anything else, the kind of city we
But in a strong real estate market, oppor- sent an important long-term source of afford- become. By expanding supply possibilities to
tunities for the development of larger, afford- able housing for low and moderate-income create healthier market conditions, we can
able co-operative and condominium buildings New Yorkers. But, many of the original afford- continue ensuring that new housing produc-
have increased—and in some cases been ability restrictions set by the government to tion matches our vision of New York as a city
introduced for the first time—into neigh- restrict rents on properties are now expir- of opportunity for all. The building blocks are
borhoods across the city. From Harlem to ing, and in New York City’s strong real estate mixed-income communities.
the South Bronx, new opportunities for the market, owners are tempted to convert their But this principle will not change: If New
empowerment of homeownership are emerg- buildings to market-rate. At the same time, York loses its socioeconomic diversity, its
ing, without fostering a suburbanized pattern some of these buildings have fallen into disre- greatest asset will be lost. We can—and
of growth. pair and need help improving housing condi- must—do better.
In the coming decades, we will continue to tions for their tenants.
build on a range of financing programs and To date, HPD has worked with partners to
partnerships that encourage homeownership. preserve these units using strategies catered
Today, low-income New York City residents to each building or group of buildings. One
living in overcrowded or substandard housing example of this is HPD’s work with the U.S.
conditions in Harlem, Queens or Brooklyn can Department of Housing and Urban Develop-
qualify for financing through HPD programs, ment (HUD) to preserve their properties. In