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How could unused CUNY land help solve NYC’s housing shortage?
The city is considering developing vacant CUNY campus land into affordable housing units. This approach aims to utilize underused public land to increase the housing stock, especially for low- and middle-income residents. By converting parking lots and empty spaces on campuses, NYC hopes to address the housing crisis without needing new land purchases.
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What are the plans for developing CUNY land?
The plans involve long-term leases of CUNY properties, which could generate up to $55 million annually. These funds could be reinvested into public services or used to build more affordable housing. The development would require approval from state authorities and CUNY trustees, ensuring that the projects align with educational and community goals.
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How much money could NYC make from this project?
If successful, the city could earn around $55 million each year from leasing CUNY land, totaling approximately $5.4 billion over 99 years. This revenue could help fund other city initiatives, including public housing repairs and infrastructure improvements, making it a potentially lucrative strategy for NYC.
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What challenges are involved in building on public land?
Developing on public land like CUNY campuses involves navigating complex approval processes, ensuring community support, and addressing legal and environmental concerns. Additionally, balancing the needs of existing educational institutions with housing development can be challenging, requiring careful planning and stakeholder engagement.
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Will this plan address NYC’s public housing issues?
While the plan aims to create new affordable housing, critics argue it may not directly solve the severe problems faced by NYCHA residents, such as aging infrastructure and federal disinvestment. The focus on revenue-generating projects might divert attention from urgent repairs and systemic reforms needed for public housing residents.
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What is the public reaction to using CUNY land for housing?
Reactions are mixed. Supporters see it as an innovative way to increase affordable housing and generate revenue. Critics, however, worry about the impact on educational spaces and question whether this approach adequately addresses the city’s broader housing and public housing crises. Community voices emphasize the need for transparent planning and equitable development.