Real estate industry-backed proposals would worsen housing crisis

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28 apartments are sitting empty at 788 Columbus Avenue. Many are rent stabilized and have been sitting empty for over five years. Frankensteining activity began in some of the contiguous apartments, but renovation activity suddenly stopped.

For the past few decades, real estate industry-backed state and city policy has created a massive housing crisis in New York.and millions for lobbyists, big real estate perversely claims its members are on the verge of financial ruin. Despite the fact that—depending on whom you ask, owners cry they’re on the threshold of poverty.

Sue Susman is head of the Central Park Gardens Tenants’ Association and runs an email list on affordable housing. Illapa Sairitupac is a tenant organizer, social worker and climate organizer on the Lower East Side. Hui Cheng Yong is an active member of the STS/End Apartment Warehousing Coalition. Amsterdam News is renowned for its reporting of the news of the day from a Black perspective for 113 years.

 

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