CM Banks Q&A: Mangin on housing of all types in low-income displacement communities
Banks asks what 'all types' means in a low-income community facing displacement. Mangin says it means multifamily, affordable at a range of incomes, one-to-two family homes, and market rate housing to accommodate demand that otherwise pressures lower-income neighborhoods.
Also, you argued for housing.
development, housing development of all types.
What does housing development of all types mean to you today in a low-income community facing displacement pressures?
What role should a market rate or luxury development play?
And how do you ensure that the people already living there will actually benefit?
That's a great question.
When I say housing of all types, you know, I generally mean all types, multifamily, affordable, at a range of incomes.
One and two family homes can be appropriate in different parts of the city.
Market rate housing, also incredibly important to, you know, accommodate some of that demand, which is ultimately what puts pressure on lower income neighborhoods across the city when people with money
go looking for housing.
In a city that doesn't have enough of it, they are going to start to put pressure on the central Brooklyn and northern Manhattan and the South Bronx and parts of Queens.
So all types means all types.
Families in New York City have an extreme diverse range of needs and wants.
And ideally,
we can create a housing policy that accommodates all of them.
I just want to continue to walk you through.