ipl-logo

Summary Of A Better New York City Housing Budget

457 Words2 Pages

The title of the article is “A Better New York City Housing Budget” by the City Journal. The article discusses the issues that New York City is having when it comes to planning its housing budget. According to the article, there are several factors that the city must take into account when planning the budget. These factors include inflation, labor shortages, and other economic and budgetary constraints. In 2014, Michael Bloomberg spent about $428 million on the affordable housing plan. His successor, Bill De Blasio, spent much more. At its peak, the spending budget enacted by De Blasio hit around $1.7 billion. The last budget under the De Blasio administration was $1 billion in 2022. Eric Adams took over the office in 2022 and he was forced …show more content…

The article discusses New York City’s struggle to correctly budget and allocate money to solve the housing shortage it is facing. The importance of the article is that as a manager, it can be extremely difficult to appease all parties involved. The Adams administration has to figure out a way to develop new affordable housing with the current public policies. They need to generate housing without raising taxes too much, or else the citizens of New York will be extremely unhappy. This article also demonstrates the importance of properly planning budgets ahead of time. The article shows that the previous mayor, De Blasio, may have overspent on the old planning budgets, leaving little room for the new budgeting plans. My opinion on this article is that it is good that New York is looking for new ways to expand on the housing shortage without using excess capital. One of the ways that they are planning to do this is through “ambitious zoning changes” to help initiate housing growth without the help of government subsidies. It’s also good that the government is so focused on the housing shortage as it is a very big issue that many people are facing within New York and the U.S. as a whole. I agree that it is important to not rely too heavily on government subsidies and taxes because it is unsustainable to do

Show More
Related
769 Words | 4 Pages

Gentrification is the process of improving a struggling neighborhood for affluent people. One of the main causes of this shown by Kelefa Sanneh’s article “Is Gentrification Really a Problem?” , is the real estate market. Things that affect the value of something in a certain neighborhood can end up having a direct influence in all of the neighborhood and can lead to gentrification. The construction of a luxury apartment building can attract more businesses and in turn, more high-quality living spaces which could eventually displace someone living three blocks away.

Read More
561 Words | 3 Pages

This is ever evident in the federal government bill to cities ( $143 billion) to spend on upgrades however, affordable housing is always left with only a small sum of this amount. Professor Bratt stated clearly that the government needs to take a

Read More
615 Words | 3 Pages

However, what is happening now in Yonkers is the reverse effect. This decrease in value can be attributed to the current state of Getty Square and the homeless. Yet, this statistic will not last forever. In fact, the fervor the Mayor has for this project will ultimately force him to make a critical decision: continue to rebuild Yonkers while still maintaining a place for the homeless, or get rid of them in order to increase rent

Read More
622 Words | 3 Pages

According to NYPD police commissioner James O’Neill, one of de Blasio’s top officials who stood by the mayor to denounce the President proposal, the budget plan would cut $190 million in anti-terror funding for New York City, along with $110 million in federal funding, a total that “represents nearly all federal funding to the NYPD.” “We don’t know exactly what the

Read More
1841 Words | 8 Pages

There has to be a realistic solution that can be put into motion to benefit everyone involved. Referring again to his article “Is Gentrification All Bad?” Davidson argues that urban renewal, if done right, is not a monstrous custom that it is painted to be; nevertheless, he reasons that gentrification depends on who does it, how they do it, and why they do it. As a resident in New York, a city where gentrification is as widespread as the common cold in winter, Davidson speculates that those who go into a neighborhood with the intention to renovate houses, or abandoned buildings ought to have a good reason for it. The author points out that “Gentrification does not have to be something that one group inflicts on another…” (Davidson 349), rather, he suggests that everyone, the gentrifiers and the locals, be on the same page when it comes to developing their

Read More
1366 Words | 6 Pages

New York has a tremendous population of small-wage earners that they should house decently, which are not being housed decently. Suburban life is unpractical; however, if they pay high enough rent, they should be entitled to their utopian lifestyle. They must pay to be decently housed with rightful security, sanitary, moral, and economic grounds. The tenement is not going anywhere; it is a solution to another problem of housing the multitudes of immigrants. Therefore, they must work hard and put in the effort and financials to make it decent and livable housing.

Read More
585 Words | 3 Pages

The recent 20% increase to 4,500 homeless in 2016 makes it clear that the status quo is not a long-term solution. Additionally, tensions between activists and those looking to gentrify the neighborhood will continue to grow over time unless action is taken. A more contentious policy with less clear outcomes would be revoking GCC’s permit and supporting SIP, creating public value through boosting the economy. The capacity to do so is clear as more funding to SIP’s job training programs, removing homeless populations from the neighborhood, and allowing new businesses into GCC’s building each support economic growth.

Read More
211 Words | 1 Pages

Chapter 5 explores the new problems that arise such as between community development in the fair housing.  Urban poverty is an issues that is one of the ways that would be the best path to deal with. Finding ways to improve housing by investments is one of the ways chapter

Read More
503 Words | 3 Pages

Together, as a group, we must succeed because we cannot do it alone. Government financing for projects to build affordable housing, especially for young people, might be increased as one answer. This can be accomplished by providing renters with financial aid in the form of tax credits and rental subsidies, as well as through funding the development of new, inexpensive housing

Read More
1397 Words | 6 Pages

Name: Nikell Adu Research Paper Draft Introduction New York City is one of the most remarkable cities in the world because of its historical background, great skyscrapers, and most importantly, its diverse population. While New York is honored for its variety of backgrounds, certain residents of these communities are ignored by the government. In the 1930s, New York was included in a mortgage plan called redlining where financial institutions would provide certain neighborhoods with loans while denying other neighborhoods based on their race.

Read More
1090 Words | 5 Pages

Issue: Within the last decade, San Francisco has dramatically changed. San Francisco’s working class people and poor neighborhoods underwent drastic economic and racial changes from the 1990s to mid 2000s, resulting in the undeniable gentrification of the districts. San Francisco’s gentrification has reached a ridiculous new extreme, making it the most expensive city in the country, outstripping even Manhattan. The beginning of the issue was right after the dotcom and Tech industries started drastically moving to the Bay Area.

Read More
674 Words | 3 Pages

Kingdon makes a compelling argument of why some topics never make to the policy agenda, and questions the politics behind who has the most authority to get legislations through the floor. Homelessness is not an easy topic to get to the agenda because it does not lead to profit. Policy dimensions of the urban policy dilemma: The policy dilemma about homelessness and directing funds for affordable housing are not well taken by decision makers because these actions require a tremendous investment from the government. In order to solve homelessness, the federal

Read More
1517 Words | 7 Pages

The government had to subsidize housing projects using taxpayer’s money. Thus, maintaining status quo is inefficient and against the Constitutional right of all Americans to have better housing facilities. 2. Intensify enforcement of the housing

Read More
154 Words | 1 Pages

I am a 4th year Geography major at the University of Victoria specializing in the Urban, Health and Development studies. I believe affordable housing is a critical asset for happy and healthy living and that it should be available for all. I’ve been going to school in Victoria for the past 3 years and every time I’ve returned from the Summer, rising competition and prices has become more challenging to cope with. From my personal experience and listening to friends, family and news reports, I’m interested in what types of initiatives are being used to challenge Victoria’s housing crisis and how our group can help to mobilize change.

Read More
1181 Words | 5 Pages

50 years ago standard of living was also a major constrain in the urban housing. But now that has been almost eliminated or as can be said there are perfect examples for how to avoid the substandard living conditions. The low cost housing is still a major leap to be covered as the cost of material and cost of labor goes on increasing day by day, and thus owning a house is becoming more and more difficult especially for the middle class and the working class. Adding to the woes the recession and its aftermaths are still taking its tolls, however strong the denial is. Now is the time for a reality check – how to go for cost effective houses.

Read More

More about Summary Of A Better New York City Housing Budget

Open Document