ABO Developments - Summer 2013 - (Page 8)

ABO Mayoral Forum Perhaps the most high-profile event at BuildingsNY 2013 was ABO’s Mayoral Forum “This is an exciting year,” said ABO executive director Dan Margulies, host of the event, in his introduction to the panel. “After a three-term Bloomberg administration we are facing real change, and the decisions that New Yorkers make in November will be critical for the next decade or more as new policies are implemented.” While just two candidates in the November 2013 Mayoral election attended the forum, both are well known in the real estate industry, and whether or not they make it through the primaries, they and the audience raised issues vital to the building owners. Running as an Independent, Adolfo Carrion Jr. is a former two-term Bronx Borough President. He served as Deputy Assistant to President Obama and as the administration’s fi rst Director of the White House Office of Urban Affairs. In 2010 he was named regional director of HUD’s New York and New Jersey Regional Office. Carrion is currently CEO of Metro Futures LLC, a consulting and real estate development fi rm. A longtime ABO member, Republican candidate George McDonald founded the Doe Fund in 1989. The Fund’s Ready, Willing & Able program is one of the nation’s most acclaimed transitional work programs for formerly homeless and incarcerated individuals. The Doe Fund has raised nearly $700 million, generated over $260 million in direct community and government benefits and paid more than $100 million in work stipends to program participants. The Fund also develops and manages housing for low-income families. The Crisis in Housing “New York City is in a state of emergency as it relates to housing,” said Carrion. “We have attended to certain segments of the income levels, but we have not grown our housing production in a way that allows for the growing of the middle class.” Vacancy rates rarely go above twoand-a-half percent, “which creates a sellers’ market,” said Carrion. Plus, insufficient new development drives the cost of existing and new housing to levels that are unaffordable to any but the wealthy, forcing the middle class to leave the city. “We can't just have one group of people — only the wealthy — living in New York City,” McDonald agreed, “because that is unsustainable. We've got to work on programs that allow affordable housing at every level of our society.” With housing costs infl ated, the city no longer affords poorer families the opportunity to invest in property in the city as they climb the economic ladder, Carrion said, as his family did just one generation ago, after his parents came to New York from Puerto Rico in the 1950s. “We were able to climb that ladder,” he said, “and fi nd that band of housing that allowed us to move to the next level and squirrel together enough money so that we could buy a home.” According to Carrion, the whole notion of affordable housing as it is executed today is too limited to serve the purpose of sustaining a multi-class city. “Affordable housing has become a misnomer,” he said. “Every income class outside of the very wealthy needs affordable housing.” Addressing the Crisis ABO’s Mayoral Forum 8 | A B O D E V E L O P ME NTS • www.abogny.com McDonald offered a concrete solution for increasing housing for at least one significant and growing population. “We have 1.8 million singles in the city and only 1 million apartments for them. I propose a program to build 75,000 micro-units.” As a model for micro-unit housing, McDonald offered the 74-unit http://www.abogny.com

Table of Contents for the Digital Edition of ABO Developments - Summer 2013

A Message from ABO Executive Director Dan Margulies
A Resounding Success
ABO Mayoral Forum
Energy Auditing and Retro-Commissioning
The Future of Building Façade Inspection
Legal Issues for Renovations by R esidents
Index of Advertisers

ABO Developments - Summer 2013