Chair Sherman presents Fair Housing Growth Strategy and Fast Track
He mentions the inaugural Fair Housing Growth Strategy, the Affordable Housing Fast Track with 12 districts, and the goal to expand housing choices.
Third, we are working to make housing growth fairer and more equitable.
This month, together with HPD, we released the inaugural Fair Housing Growth Strategy, a council-mandated assessment of our housing shortage and framework for meeting that need in a fair and equitable way.
Fundamentally, the goal is for New Yorkers of all incomes and backgrounds to have more choices about where they live in the city.
And we're grateful to the council for its leadership in it.
establishing this important framework.
That same vision underlies the Affordable Housing Fast Track, one of the new tools voters approved last November.
The 12 Fast Track districts we announced earlier this month represent roughly 20% of the city's districts, but produce just 1% of the city's affordable housing over the last five years.
We cannot solve a citywide housing crisis by relying on the same handful of neighborhoods.
By helping affordable housing move forward where production has lagged, the Fast Track will expand housing choices, address entrenched patterns of unbalanced growth, and help create a fairer, more affordable city.