Council Speaker Christine Quinn’s ambitious proposal to build 40,000 new units of middle-class housing over 10 years will likely have to be scaled back, one budget expert told Andrew Hawkins for The Insider. “All of these plans start out very ambitious and then they don’t reach the number of units that they aspire to,” said Carol Kellermann, president of the Citizens Budget Commission.
Nicole Gelinas, a senior fellow at the Manhattan Institute, called Ms. Quinn’s housing plan “a drop in the bucket”.
“There are 3.4 million housing units in the city,” she said. “Forty thousand units is basically nothing.”
“She’s obviously running a housing-centered campaign,” Ms. Gelinas said, noting that the speaker’s rivals, such as Public Advocate Bill de Blasio, will likely unveil housing agendas of their own. “De Blasio will try to out-house her.”