En Español Know Your Rights
Source: Metro
Subject: Housing & Environmental Justice
Type: Media Coverage

A Close Look at the City’s Condo Crisis

 

To
expose the pervasiveness of empty or stalled luxury condos and to convince the
city to convert these unused spaces into homes for low-income New Yorkers, a
coalition of community groups** have been canvassing six neighborhoods since
August.

More
than 600 vacant or stalled units litter these areas, according to preliminary
data the
Right to the City-NYC is
releasing today.

The
city isn’t “well-equipped” to keep track of what’s happening, said David Dodge
of the Right to the City. City data
counts four stalled construction projects in Bushwick, but they found nearly
50.

“Just
like so many homeowners, developers also overextended themselves,” said Alyssa
Katz, author of “Our Lot: How Real Estate Came to Own Us.” “This is going to be
a real issue for New York
to reckon with.”

**Including
Make
the Road New York