July 19, 2023
Adams’ Smart Migrant Move Could Help the City’s Overburdened Shelters—and Migrants Themselves
A hint of common sense has emerged in the Adams’ administration policy toward the wave of migrants crowding the hotels once occupied by the tourists the city’s economy needs. But the mayor’s just-announced 60-day limit for single adults in the city’s shelter system raises the obvious question: Where should they go next? There’s a short…
July 17, 2023
Biden Tries to Revive His Eviction Moratorium Through the Back Door
The federal overreach that was part of the Covid pandemic response included a ban on residential evictions, ordained by, of all agencies, the Centers for Disease Control. Ultimately, the Supreme Court slapped down a Biden-administration effort to extend the ban — which had no serious public-health basis. But that has not stopped the White House from…
July 12, 2023
New York Rent Control: Could the End be Near?
Those who care about housing policy and the future of New York City will be paying close attention this fall to see if the Supreme Court decides to take up a serious challenge by apartment owners to the Big Apple’s big blunder: rent regulation. At stake is a law which regulates rent prices and tenant rights for…
June 24, 2023
City Can No Longer Afford Life-Long Subsidies for Lucky NYCHA Tenants
If the definition of insanity involves doing the same thing repeatedly and hoping for a different result, maybe the long-troubled New York City Housing Authority, the nation’s largest, isn’t entirely insane after all. Rather than pouring yet more money into repairs of the crumbling Fulton and Elliot-Chelsea Houses, among the nation’s oldest public-housing projects, NYCHA…
June 14, 2023
Housing in America: A Profectus Roundtable
As economic dynamism in America continues to shift the geography of economic opportunity, housing has become a top concern for a growing number of Americans. It’s clear that some areas are struggling to maintain or build enough housing to meet demand. With costs rising and preferences changing, we asked a group of experts for their…
May 23, 2023
Public Housing Should Have Work Rules, Too
Thanks to the debt-ceiling showdown, Republicans appear to have a fighting chance to add a work requirement for those receiving SNAP (food stamp) and Medicaid benefits. They should also turn their attention to another major federal program that fosters dependency and discourages work: housing assistance. Local experiments across the country suggest that requiring those in…
May 23, 2023
Biden Courts Another Mortgage Crisis
The Biden administration is making moves that could imperil the safety of the housing finance system. Recent mortgage pricing changes, which have generally decreased fees for borrowers with lower credit scores and increased fees for those with higher scores, have rightly garnered public outcry, but they are the tip of the iceberg. The administration’s other…
May 1, 2023
Here’s How Hochul Can Salvage Her Goal of More Affordable Housing in NY
Notably missing from the budget the Legislature is passing is a proposal Gov. Kathy Hochul had marked as a top priority: spurring cities and towns to build 800,000 new housing units. It wasn’t fundamentally a bad idea. You don’t have to be an economist to know that if housing prices are too damn high, increasing the…