Keep Lower Manhattan Affordable
Build More Affordable Housing
- Increase housing supply through mid-density, mid-rise development in appropriate locations
- Push affordability requirements beyond the current 25% under the 485X tax credit program, and explore stackable programs to deepen affordability
- Advance 100% affordable housing on public land to serve very low- and moderate-income New Yorkers
- Convert underutilized hotels and office spaces into permanent affordable housing rather than luxury redevelopment
Protect Affordable Housing Tenants
- Protect NYCHA residents by adopting a “NYCHA Tenants First” approach to RAD/PACT conversions, including requiring full tenant disclosure, a formal vote, and a clear approval threshold before conversion
- Stand with tenants in Mitchell-Lama and other HPD/DHCR-regulated housing to prevent unreasonable rent increases, and advocate for transparent, predictable, income-sensitive adjustments instead of sharp spikes.
- Expand access to SCRIE and DRIE for rent-burdened households and seniors on fixed incomes, with culturally competent outreach so immigrant tenants can fully utilize these programs
Protect Co-ops from Rising Costs
- Recognize co-ops as a primary path to stable homeownership in AD65, not speculative investment, and protect their long-term affordability
- Fight for property tax stability and transparency to prevent sudden cost increases on working families and seniors
- Secure funding, incentives, and technical support so buildings can comply with Local Law 97 and other climate mandates without shifting excessive costs onto residents
- Oppose punitive enforcement approaches that disproportionately burden moderate-income homeowners