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Open New York
@opennewyork.city
Grassroots group of pro-housing activists aiming to fix the housing shortage in NYC šŸ˜ šŸ™ Wonā€™t you be our neighbor?
501 followers1 following90 posts
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Are you interested in organizing in support of more housing, lower rents, and stronger tenant protections for all New Yorkers? Apply to be our Organizing Coordinator by Oct 18th! opennewyork.org/careers/

Careers - Open New York
Careers - Open New York

Careers Organizing Coordinator - Deadline: October 18, 2024

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ONopennewyork.city

Weā€™re here at Housing Works Bookstore discussing the housing crisis with Jerusalem Demsas and our Executive Director Annemarie Gray!

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ONopennewyork.city

NYC! Weā€™ll see you at Housing Works Bookstore in 15 mins to discuss Jerusalem Demsasā€™s excellent new book, On The Housing Crisis: Land, Development, Democracy Join us at 7 for drinks at Botanica Bar!

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And these delays come with a cost: $50,000 per home. Thatā€™s huge. They also identified discretionary permitting ā€” a rezoning, or ā€œULURPā€ ā€” as taking 30 months in NYC. That's 2.5 years just to be allowed to build new homes. All of this contributes to our housing crisis.

Permitting delays contribute to the nationwide housing shortage by increasing the cost of new housing development, leading would-be deals to not pencil out. These costs include interest payments, property taxes, insurance, utilities, business operation overhead, and higher financing costs to compensate investors for delays and uncertainty. One study of Washington state estimated that each additional month spent in the permitting process increases the cost of building by about $4,400 (or about 1 percent). In New York City, a two-year delay for mid-rise development increases the per-unit cost by an estimated $50,000. Permitting requirements may also dissuade smaller projects and impose larger burdens on smaller builders who are less well capitalized.
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ONopennewyork.city

Like much of the US, New York is experiencing a dire housing shortage. One factor is our lengthy permitting and review process. But according to a new report from the White House CEA, New York takes an average of 2 years to permit new homes.

Among large multi-family projects subject to discretionary permitting, the median time spent in the permitting process in recent years was 7.5 months in Boston, 8 months in Oakland, 13 months in Los Angeles, 16 months in Seattle, 30 months in New York City, and 33 months in San Francisco. These numbers may understate the burden since they exclude projects that never receive approval. In New York City pre-certification and environmental review alone often take nearly two years. In California, environmental review lawsuits sought to block the permitting of 48,000 proposed units ā€” nearly half of all proposed units ā€“ in 2020 alone. Even for projects that are ultimately greenlit, construction cannot begin until litigation is completed, typically in four to five years.
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PS if you think City Council should fix this, go support City of Yes next Tuesday 10/22 forms.office.com/pages/respon...

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ONopennewyork.city

NYC! This evening's conversation between The Atlantic's Jerusalem Demsas and our own Annemarie Gray sold out almost immediately, but we will be hanging out afterwards at Botanica Bar! Come join us around 7 maps.app.goo.gl/j4UW8HosXS79...

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For all New Yorkers to have access to affordable homes, permitting has to be fast, transparent, and predictable. Right now, NYC Council is considering a proposal that will help with all of that. If you want more homes and lower rents, tell your Council Member!! actionnetwork.org/letters/supp...

Support City of Yes for Housing Opportunity!
Support City of Yes for Housing Opportunity!

We are asking YOU to tell your Council Member that it is critical that they support the City of Yes for Housing Opportunity Zoning Text Amendment that we can! Enter your info and click "Start Writing"...

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ONopennewyork.city

NEW: The White House just released a new report that singles out NYC for its long permitting times for new homes šŸ  How long does it take to permit a new home in NYC? 2 years, adding $50,000 (!!!) to the cost of every new home. A short šŸ§µ

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City of Yes is proposing to end parking mandates in NYC. That wonā€™t make it illegal to build parkingā€”itā€™ll just make it legal to build without parking. Email your Council Member to tell them you support ending parking mandates! www.amny.com/opinion/elim...

Op-Ed | Eliminating ā€˜parking minimumsā€™ in NYC can help ease the housing crisis | amNewYork
Op-Ed | Eliminating ā€˜parking minimumsā€™ in NYC can help ease the housing crisis | amNewYork

In New York City, space is arguably the most premium commodity. With a growing population and housing demand that seems insatiable and will continue to grow,

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Open New York
@opennewyork.city
Grassroots group of pro-housing activists aiming to fix the housing shortage in NYC šŸ˜ šŸ™ Wonā€™t you be our neighbor?
501 followers1 following90 posts