Ex-Gov. Andrew Cuomo is back with a “first 100 days” plan for building and preserving affordable housing – this time, without any footnotes giving away a chatbot’s research assistance.
A four-page summary handed out to reporters at a midtown press conference on Tuesday runs through several of the independent New York City mayoral candidate’s proposed strategies. Cuomo called the plan the product of creative financing ideas, including bonding more money from Brookfield Place’s extended ground lease at Battery Park City and expanding pension investments into affordable housing.
Aspects of the plan, like using “carrots and sticks” – or subsidies and oversight – to get landlords to bring vacant rent-stabilized units back on the market, are repeated from his housing plan released in the spr