Gotham Gazette

The Place for New York Policy and politics

homeownership

homeownership

  • Homeownership Supply is the Affordable Housing Blind Spot in New York City

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    Housing (photo: Edwin J. Torres/Mayoral Photography Office)


    Charged with leading post-covid New York to a more equitable future, our next mayor should increase opportunities for New Yorkers to build equity through affordable homeownership. 

    Historically a blind spot in our city’s, state’s, and country’s affordable housing discussions and budgets, which tend to focus on rentals, affordable homeownership is a way for low-income people to begin to build wealth and for us as a city to reduce racial and economic inequality. Homeowners are

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  • Cash Homebuyers Threaten Covid Recovery and Deepen Racial Wealth Gap

    homes apartments buildings mortgages

    Photo


    An astonishing 11.3% of New York mortgage borrowers are behind on their mortgage, a 121% increase over the same time last year. That figure only hints at the economic pain being felt in New York and across the country, and pain that is being temporarily moderated by stopgap measures like forbearance plans and unemployment insurance, but threatens to bubble over into a full-blown housing crisis.

    In just two months, the federal foreclosure

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