NYC New Liberals 🌐
@NYCNewLiberals
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New York, NY
Joined August 2019
Non-profit housing providers point out operating losses in their own portfolios, so it's not simply a matter of corporate greed https://t.co/4cPPhK2Gc8
https://t.co/GmQK18CcMd
enterprisecommunity.org
This report from Enterprise and the National Equity Fund highlights the distress in New York's affordable housing stock and what solutions stakeholders must take to reverse it.
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Any rent control policy that doesn't address the plain fact that over 20% of NYC's affordable housing units currently have operating costs that exceed rent will only reduce the affordable housing stock and worsen living conditions for tenants
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Also today a human driver was sentenced after killing three people in Brooklyn
Justin Brannan introduced a bill today that would effectively ban Waymo in NYC: "When Uber and Lyft first came to the city, there were no laws in place to stop them from flooding the streets…We didn’t see them coming back then and I think today, we’re still paying the price."
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@SadPaleTwink How many of the units above this pizza shop are affordable?
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Good thread on NY sales tax breadth, reliance, and fiscal impact, particularly relevant as our state and city leaders discuss property tax reform, income taxes increases, and our federal government threatens cutting even more funding to NY and NYC. @aarmlovi @TaxFoundation
NY has one of the narrowest sales tax bases on the planet If NY doubled the sales tax coverage of total final sales to consumers from 30% of all sales to 60% of all sales, that'd raise ~$16B/yr (Alternatively, NY could cut the headline sales tax rate in half w/o losing $)
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@arpitrage @abundance_ny Manhattan Community Board 7, which is the Upper West Side, just passed a resolution recommending the legalization of SROs, as well as a neighborhood upzoning. https://t.co/CbpZCpfSH4
https://t.co/CbpZCpfSH4
drive.google.com
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This is a good illustration of a general principle: As you build new high-end apartments, people move up, freeing up supply of lower-tier apartments. Building luxury housing thus lowers downmarket rents. You don't need to build 'affordable housing' to make housing affordable.
Here's something fascinating happening in the apartment market right now. The cheapest, oldest apartments (Class C) are getting crushed right now. But ONLY in cities that just delivered tons of new apartments. Let me show you the numbers: Denver: Class C rents down 13.9%
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It exists, its called The Center for New Liberalism. We have: - ~100 chapters doing work to promote a Liberal agenda in their communities via lobbying, canvassing etc. - Hundreds of dues paying members - international leadership voted on by the dues paying members Join us!
Liberals need a mass membership organization to beat the centrist sellouts. Liberals have no major dues-funded, member-run org like DSA. That's bad. A supermajority of Dems are libs! But libs still lose, because donor-centric lib orgs focus on raising money, not winning power.
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Deeply ironic how much Republicans like @VickieforNYC claim to support the Free Market, and yet completely oppose regulatory reforms like City of Yes that can unlock much-needed housing development.
And it will have zero positive impact on housing costs. Zero. When you factor in Zohran's rent freeze (should he actually be able to do it), market rate rents will likely go up consistent with the last five years. Of course, that's all part of the plan -- to break the private
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Funding subway construction through value capture taxation, already permitted by New York state law, would be transformational @sebthedev @aarmlovi
https://t.co/PmlsLMZid4
sidewalkchorus.com
Value capture taxes can fund a new era of subway expansion — right now
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Gov Hochul is right! NYers love that Mr. Mamdani represents transit users & understands the city's overall affordability crisis But when you ask bus riders what would increase their satisfaction, almost nobody says lower fares first Happy to pay, just spend it all on service
NEWS: @GovKathyHochul right now is a no on @ZohranKMamdani’s free bus promise. “I cannot set forth a plan right now that takes money out of a system that relies on the fares of the busses and the subways.” She’s then pressed on “Tax the Rich” chants:
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A great set of policy ideas from eminent housing expert @aarmlovi
New housing roadmap with @VitalCityNYC: -Tax foreclosure risks for ~100k rent regulated homes -Partial RGB freezes to end slumlording -Ballot measure fast tracks to fix & grow NYCHA -"Real" TOD upzoning -Leveraging a "secret" new funding source to build 2 or 3 new train lines(!)
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Due to 421-a and 485-x tax exemptions, almost every single multifamily new construction project includes rent stabilized units
new builds are not rent stabilized
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Appointing Maria Torres-Singer to the transition team and focusing on zoning reforms for housing and trash containenrization is a practical and welcome start for the mayor-elect
At transition presser, @ZohranKMamdani again cites City of Yes zoning reforms for more housing & trash containerization as two of the Adams administration policies he appreciates & will look to build on.
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Consistent with the competence of some of these key transition team announcements, especially Torres-Springer https://t.co/HVVoScmCG1
Former first deputy mayor Maria Torres-Springer - who resigned under @NYCMayor - is now going to be on @ZohranKMamdani transition team Also on his transition team: -former Federal Trade Commission chair Lina Khan, Grace Bonilla, Melanie Hartzog and Elana Leopold
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Good sign that @ZohranKMamdani recognizes the value in continuing successful @ericadamsfornyc policies on Housing and Trash.
At transition presser, @ZohranKMamdani again cites City of Yes zoning reforms for more housing & trash containerization as two of the Adams administration policies he appreciates & will look to build on.
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In an alternate universe Kathryn Garcia is cruising to reelection over Curtis Sliwa with an expected 85% of the vote.
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Huge news -- NYC voters voting for much-needed housing reform!
Ballot props: Housing measures (Qs 2-4) look like they will pass. Even-year elections (Q6) looks like it's on the way to defeat, though it is closer.
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As of noon, NYC is already beyond the 1.15 million turnout for the 2021 mayoral election Eric Adams won.
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Good sign to see @ZohranKMamdani's support for these much-needed pro-housing reforms!
Just in: Zohran Mamdani says he's voting yes on ballot questions 1-5 and no on 6.
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