Eliminate Area Median Income (AMI):
When developers build in less affluent neighborhoods, the baseline calculation for affordability is significantly higher than it should be. Westchester shouldn’t be able to influence area median income in Brooklyn or raise the price of rent for neighborhoods across our district.
Institute an Annual Progressive Tax on Non-Primary Homes Worth More than $5 Million
According to estimates from the Fiscal Policy Institute, New York City could generate over $660 million in tax revenue annually through less than 2 percent of non-primary residences across the boroughs.
Advocate for the Repeal The Urstadt Law:
Enacted in 1971 as part of Rockefeller’s vacancy-decontrol legislation, the Urstadt Law specifically barred New York City from adopting rent limitations that are “more stringent or restrictive than those presently in effect”, and is one of the key causes behind the affordable housing crisis facing our city. Repealing this law would allow for greater rent stabilization throughout New York City’s housing market.
Create Sustainable Housing within the Urban Housing Market: