#NYChousing Day 1: Housing Budget

Should the next mayor commit to build or rehabilitate more units of affordable housing than the Bloomberg Administration has financed?

WHY IT MATTERS: Many of the mayoral candidates have proposed to address the city’s critical shortage of affordable housing by increasing the city’s financial commitment to creating and preserving affordable units. The costs of doing so would be high, however, and sources of funding are shrinking. The next administration will face difficult tradeoffs about funding other important programs and services should it choose to devote more money to affordable housing.

Read the full brief for today’s #NYChousing question here: Full PDF

Check out the #NYChousing schedule here and view all of the briefs released to date in the document below: 

The #NYChousing series identifies 10 key affordable housing issues that will confront the next mayor of New York City, aiming to inform the public about the tradeoffs involved to the public debate by providing an objective analysis of the pros, cons, and questions the mayoral candidates should address head-on. Between August 20th and August 29th we will be releasing daily issue briefs about these key issues (see the topic schedule here.). We will also be hosting daily twitter conversations on the topic of the day at 11 AM ET. Follow us on Twitter at @FurmanCenterNYU.