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What Shaun Donovan knows about housing


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Near the end of an endorsement interview with Democratic New York City mayoral candidate Shaun Donovan, New York Times editorial board member Mara Gay asked if he knew the median sales price of a home in Brooklyn. He guessed $100,000, which is off by a factor of nine. Donovan, in an email to the newspaper the next day, said he misunderstood the question as referring to assessed value for property taxes, which is a much lower figure. 
Getting that answer so outrageously wrong would be embarrassing for any mayoral candidate, but it’s especially embarrassing for Donovan, the former U.S. secretary of Housing and Urban Development and one-time housing commissioner in New York City.  ....

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Developers Oppose Scott Stringer's Housing Plan for NYC


Scott Stringer (Getty, NYC Comptroller, iStock/Illustration by Alexis Manrodt for The Real Deal)
Mayoral hopeful Scott Stringer wants to require all residential projects to include affordable housing but some developers say his numbers don’t add up.
The city comptroller released a 47-page housing plan Thursday including details on the “universal affordable housing” program he announced last year. Under it, developers would have to make at least 25 percent of apartments deeply affordable in projects with 10 or more units.
The low-rent units would be affordable to households earning, on average, 60 percent of the area median income significantly less than in Mayor Bill de Blasio’s housing plan. Developers would get subsidies and tax exemptions to build in neighborhoods where residents earn below 60 percent of AMI. ....

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