New York City's Housing Crisis Takes a Turn as State Official Steps In
Mayor Zohran Mamdani is shaking up the city's housing agency by naming Dina Levy, the senior vice president of single family and community development at New York's Division of Homes and Community Renewal, as its new commissioner. The move comes as the five boroughs face a historic shortage of affordable housing, with nearly 90% of apartments priced below $2,400 a month already rented out.
Levy brings a wealth of experience to the role, having overseen the state's mortgage agency, managed grants and programs, and helped shepherd a low-cost manufactured homes program. Her background in the attorney general's office and for the nonprofit Urban Homesteading Assistance Board will undoubtedly be valuable assets in tackling the city's housing crisis.
The agency, which controls over $2 billion in budget and finances new income-restricted housing developments, administers a federal rental assistance program, and funds the preservation of existing affordable units, has been criticized by Mayor Eric Adams' predecessor for its delays and bureaucracy. However, with Levy at the helm, it remains to be seen whether significant changes will materialize.
Mamdani's decision is also being seen as a strategic move to address the city's housing shortage. Last year, HPD financed over 13,000 new affordable units, but the rate of construction was insufficient to meet demand or Adams' goal of 500,000 new homes over the next decade. Mamdani has promised to build 200,000 more affordable apartments in the coming years.
The appointment has been met with praise from housing advocates and experts, who hail Levy's experience and track record on issues such as preserving low-income housing. While it remains early days for the new commissioner, one thing is clear: the city's housing crisis will require a concerted effort to address its root causes.
Mayor Zohran Mamdani is shaking up the city's housing agency by naming Dina Levy, the senior vice president of single family and community development at New York's Division of Homes and Community Renewal, as its new commissioner. The move comes as the five boroughs face a historic shortage of affordable housing, with nearly 90% of apartments priced below $2,400 a month already rented out.
Levy brings a wealth of experience to the role, having overseen the state's mortgage agency, managed grants and programs, and helped shepherd a low-cost manufactured homes program. Her background in the attorney general's office and for the nonprofit Urban Homesteading Assistance Board will undoubtedly be valuable assets in tackling the city's housing crisis.
The agency, which controls over $2 billion in budget and finances new income-restricted housing developments, administers a federal rental assistance program, and funds the preservation of existing affordable units, has been criticized by Mayor Eric Adams' predecessor for its delays and bureaucracy. However, with Levy at the helm, it remains to be seen whether significant changes will materialize.
Mamdani's decision is also being seen as a strategic move to address the city's housing shortage. Last year, HPD financed over 13,000 new affordable units, but the rate of construction was insufficient to meet demand or Adams' goal of 500,000 new homes over the next decade. Mamdani has promised to build 200,000 more affordable apartments in the coming years.
The appointment has been met with praise from housing advocates and experts, who hail Levy's experience and track record on issues such as preserving low-income housing. While it remains early days for the new commissioner, one thing is clear: the city's housing crisis will require a concerted effort to address its root causes.