Housing in the United States has become a playground for wealthy developers instead of a leg up towards the American Dream. In New York City specifically, money from luxury real estate developers have taken over our political establishment - leading to luxury rezonings that push out small businesses and working families, and leave a wake of empty units in their place.
Working New Yorkers can't afford to stay in the communities their families have called home for generations. Families are rent burdened, and the city is experiencing the highest levels of homelessness since the Great Depression. While shelters go up, housing actually remains empty - there are three times the amount of empty luxury units as there are people experiencing homelessness in New York City.
So, what do we do?
Alexandria believes that housing is a right, and that Congress must tip the balance away from housing as a gambling chip for Wall Street banks and fight for accessible housing that's actually within working families' reach.
Congress has allowed most of our existing housing investments to go towards benefitting the wealthy. Alexandria supports extending tax benefits to working and middle-class homeowners, expanding the Low Income Housing Tax Credit, housing (not sheltering) the homeless, and permanently funding the National Affordable Housing Trust Fund.
By refusing money from luxury real estate developers, Alexandria can be trusted to fight for fair, inclusive housing policies that upend the overdevelopment that real estate speculators have imposed on New Yorkers.