Brooklyn Borough President Eric Adams was chosen as the Democratic candidate for Mayor of New York - and is therefore likely to be elected mayor. What are his own housing history and his policies?
Below are some excerpts. from a NY Times article and a City & State article about him.
NY TIMES: NYCHA: Mr. Adams said he planned to raise $8 billion for NYCHA by selling the so-called air rights for some of its properties to private developers, something the authority has already begun to explore.
City & State: Excerpt from Ross Barkan article.
Take rent-stabilization. The mayor of New York City does not have much power over the city’s tenant laws – the state Legislature and the governor decide them – but the mayor does appoint new members to the Rent Guidelines Board, which decides how much in rent more than two million tenants in rent-stabilized apartments will pay.
Most of the candidates, even those who are close to the real estate industry such as Andrew Yang and former Sanitation Commissioner Kathryn Garcia, have spoken warmly about the idea of a rent freeze – but not Adams. “The greatest wealth of Black and brown people in this city is in their property. So when we start making any decisions on small property owners, we need to factor that,” Adams said recently. “Because if we’re not going to freeze mortgage payments for small property owners, if we’re not going to rollback their mortgage payments, then we need to be careful.”
