Op-Ed | The real cost of saying ‘no’ to Innovation QNS | amNewYork

remarkable 1,100 of these homes would be permanently affordable- an unprecedented 40% of the total- including 500 deeply affordable homes for New Yorkers earning $28,000 a year or families of four earning $40,000. It is vital the City Council say ‘Yes’ to Innovation QNS.

We can’t begin to say we’re addressing the problem until we have a path to creating hundreds of thousands of units of housing. By 2030, we’ll need half a million. Yet fewer than 80,000 new homes are currently in the development pipeline. There is no magic bullet, no broad “Marshall Plan” that exists for solving the housing crisis in New York. Government would be foolish to believe that substantial change can be implemented without including the private sector. The simple fact is that there is no way out of this crisis without building more homes.

The cost of saying ‘No’ will be far worse than simply losing out on the homes Innovation QNS would create. It will send a clear message to others who might also be part of the solution that their help is not welcome.

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