New Yorkers creating and preserving housing for low- or middle-income households.
There’s no single policy solution when it comes to easing the housing crisis in New York. Instead, there’s an assortment of policies and programs aimed at addressing the severe shortage of affordable units. Incentives for developers, subsidies for tenants and limits on rental increases have already been in place for years. In New York City, policymakers recently revamped the zoning process to spur more development and have attracted private investment for dilapidated public housing properties, while the new mayor campaigned on freezing the rent for rent-stabilized apartments. State lawmakers added funding for housing vouchers, while the Hochul administration is looking to streamline the environmental review process to speed up projects. Even the White House is weighing in, with President Donald Trump trying to block large investors from buying up single-family homes.
