Thursday, November 16, 2023
Supply Skepticism Revisited: Barriers to NYC's Housing Growth
New York City policymakers have laid out plans to address the city’s housing shortage by urging every neighborhood to do its part to meet overall city housing needs. Specifically, a series of pro-housing reforms are underway, including three citywide zoning changes and enabling conversions of office buildings.
Since our 2019 paper, “Supply Skepticism: Housing Supply and Affordability,” researchers have delved deeper, presenting rigorously researched evidence on how increasing housing supply impacts local rents, neighborhoods, and gentrification. However, even in the face of mounting evidence, resistance to new housing and land use changes continues to be both highly vocal and deeply felt, often with supply skepticism at the heart of these arguments.
At our Policy Breakfast on November 16, panelists discussed the city’s housing reform agenda and our updated paper, “Supply Skepticism Revisited,” highlighting recent research that focuses on the nuanced effects housing supply has on housing affordability.
Panelists included:
Michelle de la Uz, Executive Director, Fifth Avenue Committee
Lisa Gomez, Chief Executive Officer, L+M Development Partners
Blondel Pinnock, President & CEO of Bedford Stuyvesant Restoration Corporation
Antonio Reynoso, Brooklyn Borough President
Moderated by Vicki Been, Judge Edward Weinfeld Professor of Law at NYU School of Law and Faculty Director, NYU Furman Center
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