Archive for Gems from the Archives
Justifying tax exemptions for housing—in 1933
Lincoln Square undergoing slum clearance
As we edge closer to the expiration of New York State laws that create the 421-a tax incentive for housing, the debate about its reform—and indeed, its fundamental merit—has heated up. As always, contemporary debates are a wonderful chance for CHPC to dive back into its archives for relevant wisdom.
This week we’ve unearthed a pair of gems that explore the same debate: whether government should spend a valuable resource to build housing. But these documents—one an explainer, the other a fully impassioned argument—despite their close parallels with the 421-a debate, …Read more
Weighing The Merits Of Building Tall
Fort Greene in the 1950s. Image: Piotr Redlinski for The New York Times
Rezoning and density are words that kindle very different emotions and reactions—from excitement and curiosity to fear and anger. The current proposed changes to New York City’s zoning code have sparked all of those amidst growing debate.
In this edition of Gems from the Archives, we explore some interesting and prescient dialogue about the urban environment. We have touched on the issues of zoning and planning in other Gems posts—as in the creation of new neighborhoods like Battery Park City and anti-development organizing around Washington Square …Read more
Building Housing Over the Tracks
The New York City planning and development world received a jolt of energy in Feburary, when Mayor Bill de Blasio delivered his State of the City address. He announced his intention to redevelop the Sunnyside railyard in western Queens, a 200-acre site, with housing and neighborhood amenities. This announcement quickly met some doubt both from Albany and from various pundits around the city. A complicated mix of layout, soil composition, and land ownership issues will combine to make Sunnyside a difficult project.
But Sunnyside will not be the first place in the city where existing railroad infrastructure makes …Read more
Remembering Mario Cuomo and Forest Hills
Photo credit Richard Kalvar/Magnum
CHPC remembers the late former Governor Mario Cuomo as a true servant of the public. To that end we delved into our archives to uncover the work that propelled him into public life.
In the late 1960s, Cuomo, a lawyer from Queens, became involved with a group of Corona residents who resisted a city proposal that would have displaced them in order to build a high school. From that experience, Cuomo was asked by Mayor John Lindsay to analyze the turmoil that resulted from a subsequent proposal to build low-income housing alongside the Long Island …Read more
Affordable Housing Trust Funds Past and Present
Former NY Governor Nelson Rockefeller
This week brought news that the two government housing giants, Fannie Mae and Freddie Mac, would begin contributing to a fund dedicated to affordable housing. As Bloomberg reports, this pot of money, known as the National Affordable Housing Trust Fund, has existed since Congress created it in 2008—but has lain empty ever since.
Federal Housing Finance Agency Director Mel Watt announced that the financial condition of Fannie and Freddie, which kept them from contributing, has improved. The decision to start contributing to the fund has been welcomed and panned by Democrat and Republican elected …Read more
Recognizing the Importance of Community Parks
Mayor Bill de Blasio announces new NYC parks program
In October, New York City Mayor Bill de Blasio announced a “Community Parks Initiative” that recognizes the importance of the parks beyond Central Park or Prospect Park, where a couple basketball or handball courts serve as community magnets. The first phase of the plan, dubbed NYC Parks: Framework for an Equitable Future, will invest $130 million in capital funds to refurbish existing parks around the city. The plan has come in for criticism that it doesn’t go far enough.
Of course, this is not the first time New York’s …Read more
Upcoming CHPC Events
- Bond Financing & Volume Cap Workshop On 05-13-15