NYC Comptroller Scott Stringer. Image credit: Office of the New York City Comptroller

The report predicts that almost 50,000 residents of the affected Brooklyn neighborhoods would be priced out of neighborhood.  On December 3, 2015, Comptroller Scott M. Stringer issued a report—Mandatory Inclusionary Housing and the East New York Rezoning: An Analysis—on the proposed East New York rezoning plan’s effect on housing affordability in the East New York and Cypress Hills neighborhoods of Brooklyn.  The report claims while supply of housing units in the rezoned areas would go up significantly, less than thirty percent would be affordable to existing East New York and Cypress Hills residents, failing to meet goals of mitigating resident displacement. (more…)

In four years, Buildings has enacted eight of sixty-five safety recommendations after spending $5.8 million on a study. On November 7, 2014, New York City Comptroller Scott Stringer released an audit finding the Department of Buildings has failed to act upon recommendations for crane safety that came from a report they commissioned, four years after the report was issued. (more…)

Comptroller Stringer announces plan to address City’s growing affordable housing crisis. Image Credit: Susan Watts/Office of New York City Comptroller

Universal Affordable Housing would require 25 percent permanently low-income affordable housing in all new development with ten or more units. On January 29, 2020, New York City Comptroller Scott M. Stringer announced a citywide housing strategy to fundamentally realign the City’s approach to the housing crisis. The strategy, coined Housing We Need, will include a universal requirement for 25 percent permanently low-income affordable housing in all as-of-right developments with at least ten units. (more…)

Image Credit: Comptroller Scott M. Stringer’s Office.

NYCHA wasted $3.7 million by replacing eight roofs while they were under warranty. On July 26, 2019, the Office of the Comptroller announced the results of its audit of the New York City Housing Authority’s (NYCHA) roof maintenance. According to New York City Comptroller Scott M. Stringer, NYCHA wasted millions on roof repairs that should have come at no expense to taxpayers and failed to perform basic oversight and preventive maintenance of roofs, putting the health and safety of thousands of NYCHA residents at risk. (more…)

Image credit: NYC Office of the Comptroller.

[The following guest commentary is a response to Airbnb’s commentary published here.]

New Yorkers are facing a growing affordability crisis, and over the years my office has examined many factors that have proven to contribute to the burden of rising prices – including, most recently, a report on the impact of Airbnb on New York City rental prices. (more…)