{"id":447721,"date":"2022-05-16T01:13:31","date_gmt":"2022-05-15T22:13:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nyc-pols-are-about-to-display-their-housing-ignorance\/"},"modified":"2022-05-16T01:13:31","modified_gmt":"2022-05-15T22:13:31","slug":"nyc-pols-are-about-to-display-their-housing-ignorance","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nyc-pols-are-about-to-display-their-housing-ignorance\/","title":{"rendered":"#NYC pols are about to display their housing ignorance"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3e2df09178d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3e2df09178d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nyc-pols-are-about-to-display-their-housing-ignorance\/#%E2%80%9CNYC_pols_are_about_to_display_their_housing_ignorance%E2%80%9D\" >&#8220;NYC pols are about to display their housing ignorance&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CNYC_pols_are_about_to_display_their_housing_ignorance%E2%80%9D\"><\/span>&#8220;NYC pols are about to display their housing ignorance&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/nyc-council-speaker-adrienne-adams-2.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>City Council members just put off a show hearing set for Tuesday on two housing issues that the <em>state<\/em> controls in a bid to win progressive cred. Wise move: It could only expose their gross ignorance (or cynicism) instead.<\/p>\n<p>The issues themselves remain alive: One is the deceptively named \u201cGood Cause Eviction\u201d bill; the other, renewal of a half-century-old tax break (called 421-a) that encourages developers to build affordable housing.<\/p>\n<p>The council members want Albany to pass the Good Cause bill, which would block landlords from <em>ever<\/em> evicting tenants, except under the narrowest of circumstances. It would also, in effect, cap rent hikes (at 3%, or 150% of the region\u2019s Consumer Price Index) on every apartment in the state, even ones rented by wealthy tenants.<\/p>\n<p>This would <em>discourage<\/em> building new rental housing, make landlords think twice about just who they\u2019re renting to (perhaps for life), trigger vastly higher rents for vacant apartments and force many to skimp on maintenance and upgrades. It\u2019s a major <em>loser<\/em> for most tenants.<\/p>\n<p>Meanwhile, failure to renew 421-a, which expires next month, would slam affordable housing by steering builders to focus solely on luxury units, so they make a fair return on their investments. Short-sighted progressives hate seeing developers get a break, but without the abatement, city levies and other costs make it financially impossible for landlords to offer below-market units. Like passing Good Cause, letting the break die will poison the housing market.<\/p>\n<p>Of course, it\u2019s the Legislature, not the City Council, that controls both issues; the aborted hearing would\u2019ve been mere theater, a bid to get the two issues linked: Renew 421-a and pass Good Cause \u2014 or kill both.\u00a0<\/p>\n<p>Neither choice would help tenants: If state lawmakers and Gov. Kathy Hochul want to encourage housing development, they\u2019ll resist such linkage. The Good Cause bill should die, and the tax break should live on \u2014 period. Any other combo will only choke New York\u2019s supply of affordable housing, at <em>tenants\u2019 <\/em>expense.\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/15\/nyc-pols-are-about-to-display-their-housing-ignorance\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;NYC pols are about to display their housing ignorance&#8221; City Council members just put off a show hearing set for Tuesday on two housing issues that the state controls in a bid to win progressive cred. Wise move: It could only expose their gross ignorance (or cynicism) instead. The issues themselves remain alive: One is&#8230;<\/p>\n","protected":false},"author":1,"featured_media":447722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/nyc-council-speaker-adrienne-adams-2.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129173,81958,30242,43,71554,12156,73947,73779,70469,72656],"class_list":["post-447721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-15-22","tag-affordable-housing","tag-city-council","tag-editorial","tag-evictions","tag-housing","tag-landlords","tag-legislature","tag-rent","tag-tenants"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/447721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=447721"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/447721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/447722"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=447721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=447721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=447721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}