Red tape ‘status quo’ keeping NYC in perpetual housing crisis, damning report says

[Kamaji]

Red tape ‘status quo’ keeping NYC in perpetual housing crisis, damning report says

By Nolan Hicks
September 6, 2022

Decades of red-tape borne of archaic rules have fueled New York City’s seemingly perpetual housing crunch — delaying the construction of badly needed homes for as much as six years on average per project, a damning new report reveals.

The blistering assessment from the Citizens Budget Commission, a good government group, comes as rents have soared across the Big Apple and city leaders are once again confronting a shortage of apartments.

“The status quo risks New York’s ability to create the jobs that we need and the housing that we need,” said CBC head Andrew Rein.

“We have an affordability problem now and if we don’t build and fast-track more housing, that affordability problem will get worse,” he added.

“If our development process is such that it increases the cost of building every apartment by $67,000, then the housing that we do build is more expensive.”

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Source:  https://nypost.com/2022/09/06/red-tape-status-quo-keeping-nyc-in-perpetual-housing-crisis/

[libertybele]

Affordability problem?  Yet, they can put up ILLEGALS in hotels.  What's wrong with this picture??

[Kamaji]

Affordability problem?  Yet, they can put up ILLEGALS in hotels.  What's wrong with this picture??

It takes an ungodly amount of time to get approval for construction of new apartment buildings - to the point where about the only thing that is economically viable are luxury apartment towers.

Putting illegals up in hotels is a totally different issue.