Real Estate Board of New York President Steven Spinola Statement on Mayor de Blasio’s State of The City Address

“The Mayor’s call for an additional 160,000 market-rate units, above and beyond the 200,000 affordable units the administration plans to build or preserve over the next decade, is bold.  It will go a long way to keeping New York the greatest city in the world in which to live, work, and raise a family.

Building more new market rate and affordable housing and preserving and enhancing our current inventory of affordable housing is the only way to address our decades long housing shortage. Without such bold initiatives, the City’s housing market will tighten further and become even more expensive.  Our industry stands ready to work with the Mayor and other stakeholders to put shovels in the ground and cranes in the sky to tackle this important goal.”