In these Times - New York State Assemblymember Emily Gallagher and State
Sen. Cordell Cleare introduced a bill to create the Social Housing
Development Authority. This proposed agency would be tasked with
developing permanently affordable, union-built social housing, which
would be owned by the public — not private developers. While social
housing hasn’t yet caught on in the modern United States, examples of
this approach can be found all over the world, and housing activists
believe it may be the only way to actually meet tenants’ needs. Gallagher and Cleare’s bill would establish a state-run
Social Housing Development Authority as a public benefit
corporation, which would increase the supply of permanently affordable
housing in the entire state, both through the construction of new
housing and through the acquisition and rehabilitation of
existing properties. Cea Weaver, the Campaign Coordinator of Housing Justice for All, tells In These Times, “a
public authority has all sorts of powers that you can’t really reach
through the private sector: like the ability to issue bonds, to override
zoning, and to basically take profit out of the equation and re-invest
money back into the authority so that it can expand itself.”
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
February 24, 2024
Money
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