Right now, 80% of our subsidy dollars for affordable housing go to for profit private developers. So we then have to wrestle just to keep the housing affordable. I want to shift back to more things like Mitchell Lama cooperatives, nonprofit, affordable and supportive housing developers, community land trusts. who build permanently affordable housing that enable the New Yorkers who really need it most to get affordable housing and to build wealth for the future. (28:34–28:43)
CLAIM
Asserts a desire to shift focus to nonprofit and community-based housing solutions.
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