Crisis to Co-op

CRISIS TO CO-OP: Building permanent affordability through shared equity land stewardship in New York City

New York City is defined by its housing. Today, there is not enough, and it is far too expensive. In America’s largest city, the “American Dream” only becomes a reality for a wealthy few. However, New York is also defined by its bold and visionary social movements, where groups of people demand a better City. Within this environment, the movement for decommodified housing has arisen, with advocates and tenants united for shared-equity home ownership opportunities.

This report is the creation of a capstone studio course in Hunter College’s Master of Urban Planning Program. Our client, the NYC Department of Housing Preservation & Development’s (HPD) Homeownership & Shared Equity Team, enlisted our studio class to generate ideas and recommendations on supporting shared equity homeownership, easing the flow of capital to shared equity initiatives, and building capacity among community-based organizations, namely community land trusts (CLT). Our group has used these goals as a starting point for our work, guiding us while opening new pathways of thought on shared equity.

Read the full report here: CRISIS TO CO-OP

The Studio presentation is here: Presentation 12.16