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The latest news and analysis from the NYU Furman Center.
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Research & Policy
The Economic Challenge for the Rent Guidelines Board: Balancing Long-Term Affordability in Rent Stabilized Housing
The responsibility for overseeing the economic viability and affordability of rent stabilized housing rests with the nine-member Rent Guidelines Board (RGB), which sets annual rent adjustments for rent stabilized apartments. Given the importance of the rent stabilized apartment stock, it is essential to think hard about how to preserve both its quality and quantity.
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News & Events
Policy Breakfast: The Future of 421-a and Housing Development
On February 24th, the NYU Furman Center hosted a virtual policy breakfast titled: ‘The future of 421-a and Housing Development’. Our panelists offered a range of perspectives on the current 421-a program and its role in the future of the city’s housing policy. The debate touched on a host of interconnected issues, including the city’s arcane property tax system and Mandatory Inclusionary Housing, a relatively new Zoning Resolution requirement that significantly upzoned residential lots include income-restricted housing.
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Comparing the Current 421-a Exemption to Governor Hochul’s Proposed Reforms
This blog post uses the recently-released data brief, “The Role of 421-a during a Decade of Market Rate and Affordable Housing Development,” to contextualize Governor Hochul’s recently-proposed reforms to the 421-a tax exemption program. Hochul’s 485-w would change the types of properties and AMI levels of renters/owners eligible to benefit from the tax exemption, and we deploy data from the past decade to scrutinize those reforms.
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Research & Policy
The Academic Effects of Chronic Exposure to Neighborhood Violence
Since the pandemic began, the city has experienced a significant increase in gun violence and homicide which can lead to emotional distress, behavioral changes, and detrimental cognitive effects for students. This paper examines the differences between students with varying levels of crime exposure and finds that increased exposure results in lower English Language Arts (ELA) and math exam scores. The paper’s regression models suggest that exposure to violence had an adverse effect on reading and math test scores for students, and the effects increased with the number of violent crimes.
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Research & Policy
Policy Minute: Exclusionary Zoning
This Policy Minute provides key data, perspectives, and Furman Center research to inform questions and discussions about exclusionary zoning, and how national lessons are being applied to New York State.
