Gotham Gazette

The Place for New York Policy and politics

Citizens Union


Thompson Says He's Got A Housing Plan

by Daniel Stein-Sayles, Jun 27, 2013

Democratic candidate for mayor Bill Thompson announced his affordable housing plan while speaking in the Crown Heights section of Brooklyn earlier today.

Thompson’s four-point plan aims to create and preserve over 120,000 units of affordable housing for working families over the next eight years.

The former comptroller didn’t mention how much his plan will cost, but he did touch on how his administration would pay for it.

"We will use low-income housing tax credits, resources from various federal programs as well as state incentives and state initiatives,” he said. “Together with other federal, state and city resources, we will maximize more than five billion dollars in funding."

Like Thompson, the Democratic mayoral field has prioritized the affordable housing issue during debates and campaign stops.

"Affordable housing is a crisis — and the reality is that many working families are getting priced out of the city they love," Thompson said. “Our city cannot thrive by only meeting the needs of the very wealthy few; we’ve got to create a city for all New Yorkers."

Earlier this month, a coalition of the city’s largest housing groups partnered with local businesses and developers on a plan they want the next mayor to adopt to create and preserve 150,000 units of affordable housing.

—Daniel Stein-Sayles

Editor's Choice

Gotham Gazette: With a Smirk, Bharara Diagnoses New York Corruption Problem With a Smirk, Bharara Diagnoses New York Corruption Problem Gotham Gazette: Public Conversation on New Veterans Department Begins Public Conversation on New Veterans Department Begins Gotham Gazette: The Evolving Definition of Transparency The Evolving Definition of Transparency


The comments section is provided as a free service to our readers. Gotham Gazette's editors reserve the right to delete any comments. Some reasons why comments might get deleted: inappropriate or offensive content, off-topic remarks or spam.

Last Updated (Aug 14, 2014)