Kathryn Wylde, President and CEO of the Partnership for New York City, will testify later today in front of the City Planning Commission in support of the proposed Mandatory Inclusionary Housing (MIH) and Zoning for Quality and Affordability (ZQA) text amendments. The city cannot achieve its ambitious affordable housing production goals if it does not use the zoning code to create new incentives and reduce per unit costs, as proposed in the ZQA amendments. Below is a transcript of her testimony, as prepared for delivery.
“Mayor de Blasio’s action to review and reform city policies and procedures in order to more effectively address a growing homeless population is timely and welcome. Together with programs to increase affordable housing production and to improve public housing, restructuring the management of services for the homeless should help reverse conditions that are distressing to most New Yorkers.”
“The report of Governor Cuomo’s Common Core Task Force, led by Partnership for New York City Board member and former Chairman Richard Parsons, appropriately focuses on maintaining the high standards necessary to prepare students for college and careers in a knowledge-driven economy. These recommendations will, among other things, elevate career and technical education in New York State by applying both rigorous academic assessments as well as expanding opportunities for students to earn meaningful credentials leading to employment or post-secondary education. This is a solid approach that responds to concerns of all stakeholders, including employers, and we look forward to working with the Governor and the State Department of Education on its implementation.”
“Immediately following September 11, 2001, many feared that Lower Manhattan would never recover. Confidence in the future of Downtown was restored, however, as redevelopment of the World Trade Center site, the transit system and the surrounding area moved forward. Thanks to strong leadership and aggressive public and private investment, Lower Manhattan today is stronger and more vibrant than at any time in modern history. Its continued resurgence, however, depends on completion and full occupancy of the World Trade Center and the infrastructure that supports it. That goal is in sight, but will require a last push that all New Yorkers have a stake in achieving.”
“The bipartisan vote to fund the nation’s transportation infrastructure is good news. It is only a provisional step, however, when it comes to building and maintaining the modern infrastructure that this country needs to remain a global economic power. The financing and development of public transportation and other infrastructure should be a central theme of the presidential election and 2017 should be the year when America comes up with a serious commitment to funding our multi-trillion dollar backlog in infrastructure needs.”
A few weeks ago, the New York Stock Exchange hosted a summit of business leaders and advocates at its Wall Street headquarters, a meeting convened by New York City’s first lady Chirlane McCray and activist hedge fund manager Bill Ackman. The topic that brought this unlikely duo together was their shared concern about the impact of mental illness on both individual New Yorkers and the overall health of our city.
Dashboard NYC Shows City Remains Strong, but Lags Competitors in Rate of Growth
Uptick in Violent Crime and Homelessness Remain Top Municipal Concerns
The Partnership for New York City, the city’s leading business organization, today released Dashboard NYC, an overview of key economic and quality-of-life indicators that is published quarterly. The data shows continued economic growth – the city is adding private sector jobs and attracting investment – but there are a few troubling signals. New York is outpaced by some domestic competitor cities when it comes to employment growth and venture capital investment. The dashboard highlights a troubling quality-of-life trend: violent crime is up.
The dashboard was launched in 2014 to measure the progress or slippage in the city’s private and public sectors.
“The business community supports the Mayor’s effort to increase the supply of supportive housing as a long term solution to homelessness, as well as the commitment that is being made to expanded mental health services that address the needs of a significant portion of the single homeless population. This initiative is an appropriate and thoughtful response to the 50% increase in the number of homeless people living in city shelters over the past five years.”
Blackstone Chairman and CEO to Begin Role in 2016; Will Serve as Co-Chair Along With James Gorman, Chairman & CEO of Morgan Stanley
Philippe Dauman, President and CEO of Viacom and outgoing co-chair of the Partnership for New York City, today announced that Stephen A. Schwarzman, Chairman, CEO and Co-Founder of Blackstone, will succeed him as co-chair of the Partnership beginning in 2016. Schwarzman will join James Gorman, Chairman and CEO of Morgan Stanley, who is currently in the first year of his two-year term as co-chair.