De La Rosa explains vote on 511 West 171st St co-op and 692A
Council Member Carmen De La Rosa strongly supports the 511 West 171st Street ANCP application, which will allow tenants to buy their apartments for $250 and build generational wealth. On 692A, she thanks the Speaker, UFT, and colleagues, details the $32,000 starting salary and $54,000 after 15 years, notes 1,600-3,000 vacancies, and urges remaining council members to co-sponsor.
De La Rosa.
A moment to explain my vote.
Permission granted.
Thank you.
One moment on 511 West 171st Street.
I just want to say I strongly support this application.
It will create cooperative home ownership for existing tenants of a building that have been working really hard to make sure that they can uplift this building and own their apartments.
They'll be able to buy their apartments for $250.
So that is building generational wealth.
And the vacant apartments will sell at 80% AMI.
And so that is what it means to truly keep communities together and to be able to build generational wealth and equity in communities.
In terms of 692A, I want to thank Speaker Menon for her leadership and her vision and for staying true in this process.
I want to thank the UFT for their strong support, the paras who have led this work.
Obviously, Chair Aldeball for her leadership, Chair Dinowitz for his leadership, and everyone else who was a part of making sure we could get here today.
Shout out to Assemblymember Keith Powers, who was the original OG introducer of this bill.
I want to talk about the numbers real quick.
$32,000 a year is insufficient.
After 15 years, they make $54,000 a year in the most expensive city.
in the country.
$1.5 billion on Carter cases.
This bill will provide $10,000 in a one-time stabilization payment so that we can retain this workforce.
25,000 paraprofessionals in New York City helping the most vulnerable children.
And right now there's from 1,600 to 3,000 vacancies in this workforce.
And finally, to the 47 council members who have signed on to this bill, thank you for your support.
We have the Manhattan, the Bronx, the Queensborough presidents.
It's not too late for Staten Island.
Come on over, as well as the other four council members.
We have solid support for this legislation because we recognize that this is an equity issue.
Workers in our city must not be facing eviction and having to pick up food at a food pantry when they're helping our most vulnerable New Yorkers.
So thank you all for the support.
Councilman, do you have also disclosures by any chance?
Say it again.
Do you have disclosures to make today?
No disclosures, and I vote aye or no.
Thank you.