New York has just emerged from a period of expansion, however, the decline in construction as extraordinary.
From 2000 to 2008 the city has purchased 170 000 housing units. But in the year 2009, the creation of new permits 90 percent, the lowest level since 1992, after the New York University Furman Center. A response rate of 1990 should be as worrying as was the burst of activity by the recent surge in neighborhoods to be interrupted.
However, the cat has the large expansion of the last decade, not as given to the implementation of the new reality. Policy makers must develop new strategies and not to wait up to 50 000 construction workers in the city, as it has in 1991 against a slowdown in spending on infrastructure of the city to protest, the last reliable work at the time.
Projects of the Congress building residential construction spending only $ 1900000000 in 2011 compared to $ 6,200,000,000 per year in the period 2006-2008. Currently, there are some 692 projects in the city have stalled, an increase of 52 percent a year ago.In 2011 the government accounted for 62 percent of construction costs, the highest percentage since 1996. No wonder that Congress Building 120 700 jobs in 2011 compared to 131 400 in 2008, thousands of others in danger forecasts.
While the public is spending should increase by 0.5 billion dollars in 2011, there are serious doubts as to what level is argued that the mayor wants to cut investments by 20 percent, the MTA financing uncertain work on the summits of the World Trade Center and the plans for the new tunnel Jersey, New York CRA are eliminated.
Many politicians choices based on assumptions during the boom. For example, the premise of the 2007 421, tax reform, the development of incentives despite the loss of benefits continue or the developers simply include affordable housing in their sites. The reality was much more complicated to access no proven model of financial capacity of a soil structure, barriers to public assistance for small projects, the lack of funding for eligible projects and disposal of all supplies to the homes of the three units, the model class work home ownership.
The 421-a law that expires this month. Officials would be well served by talking to the builders of the navigation of these restrictions, and not just assume that the lack of activity exclusively due to a lack of funding. Although it is a factor, the question remains what to do.
Instead of trying to expand incentives for construction of the launch, some supporters are trying to take advantage of the law by extending the building owners to pay the unions force wages.
It is an extension of a campaign for prevailing wage on state aid for affordable housing need, even if it means that fewer units will be built. A similar conflict over the tax-exempt bonds for nonprofit organizations led to the end of the financing. And some go further, calls for incentives for economic development is maintained, unless the owners of commercial tenants require the employee to pay at least a decent salary. All this despite the fact that labor costs in New York today not only higher than the national average, but the next most expensive cities like San Francisco.
The construction industry and construction unions have begun to address these problems, but other factors also contribute to the cost of building the city is the highest in the country.
The Buildings Department has made great progress, but continue to complain about unnecessary bureaucracy developers. The delays and uncertainties in the conversion process has led to increased use of agreements for the benefit of the community, led to a process fraught with risks of corruption and distortion of the decision, according to a report in the New York City Bar Association, while neighborhoods complain that the current ULURP not heard enough.
This does not mean that no social value objectives. But in a time of budgetary restrictions, candidates must have actual knowledge of the costs and benefits so that they can maintain an open discussion on how best to balance competing needs.
From 2000 to 2008 the city has purchased 170 000 housing units. But in the year 2009, the creation of new permits 90 percent, the lowest level since 1992, after the New York University Furman Center. A response rate of 1990 should be as worrying as was the burst of activity by the recent surge in neighborhoods to be interrupted.
However, the cat has the large expansion of the last decade, not as given to the implementation of the new reality. Policy makers must develop new strategies and not to wait up to 50 000 construction workers in the city, as it has in 1991 against a slowdown in spending on infrastructure of the city to protest, the last reliable work at the time.
Projects of the Congress building residential construction spending only $ 1900000000 in 2011 compared to $ 6,200,000,000 per year in the period 2006-2008. Currently, there are some 692 projects in the city have stalled, an increase of 52 percent a year ago.In 2011 the government accounted for 62 percent of construction costs, the highest percentage since 1996. No wonder that Congress Building 120 700 jobs in 2011 compared to 131 400 in 2008, thousands of others in danger forecasts.
While the public is spending should increase by 0.5 billion dollars in 2011, there are serious doubts as to what level is argued that the mayor wants to cut investments by 20 percent, the MTA financing uncertain work on the summits of the World Trade Center and the plans for the new tunnel Jersey, New York CRA are eliminated.
Many politicians choices based on assumptions during the boom. For example, the premise of the 2007 421, tax reform, the development of incentives despite the loss of benefits continue or the developers simply include affordable housing in their sites. The reality was much more complicated to access no proven model of financial capacity of a soil structure, barriers to public assistance for small projects, the lack of funding for eligible projects and disposal of all supplies to the homes of the three units, the model class work home ownership.
The 421-a law that expires this month. Officials would be well served by talking to the builders of the navigation of these restrictions, and not just assume that the lack of activity exclusively due to a lack of funding. Although it is a factor, the question remains what to do.
Instead of trying to expand incentives for construction of the launch, some supporters are trying to take advantage of the law by extending the building owners to pay the unions force wages.
It is an extension of a campaign for prevailing wage on state aid for affordable housing need, even if it means that fewer units will be built. A similar conflict over the tax-exempt bonds for nonprofit organizations led to the end of the financing. And some go further, calls for incentives for economic development is maintained, unless the owners of commercial tenants require the employee to pay at least a decent salary. All this despite the fact that labor costs in New York today not only higher than the national average, but the next most expensive cities like San Francisco.
The construction industry and construction unions have begun to address these problems, but other factors also contribute to the cost of building the city is the highest in the country.
The Buildings Department has made great progress, but continue to complain about unnecessary bureaucracy developers. The delays and uncertainties in the conversion process has led to increased use of agreements for the benefit of the community, led to a process fraught with risks of corruption and distortion of the decision, according to a report in the New York City Bar Association, while neighborhoods complain that the current ULURP not heard enough.
This does not mean that no social value objectives. But in a time of budgetary restrictions, candidates must have actual knowledge of the costs and benefits so that they can maintain an open discussion on how best to balance competing needs.
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