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Discussion: Housing Shortage and a Possible Solution

Discussion: Housing Shortage and a Possible Solution

Last Name 1

Student’s Name:

Instructor:

Course:

Date:

Student’s Name

Student’s Address

30th June 2021

To:

The Governor of State, New York City

Governor of State Address

RE: Housing Shortage and a Possible Solution

Dear Governor of the State, New York City,

The primary aim of writing this letter to you is that I am saddened and concerned about the current housing shortage in New York City. As a student at LaGuardia and a resident of New York City, I have realized that the demand for new houses has increased, and the new housing supply is still lacking behind. Over the last decade, the an apartment’s median rent increased by 75% in New York City relative to other parts of the United States which increased by only 44%.Additionnaly, approximately 1.5 million individual live in overcrowded housing facilities in new York City. Additionally, overcrowding increased from 7.6% value to 8.8% between 2005 and 2013 which is an indicator of the housing problem in the State. As a result, I believe that there is a need to rethink some of the innovation incentives by placing the dependence on grants, expanding on the adoption of prizes, and avoiding the reliance on patents and subsidies. I feel that this is becoming a major problem for New York City dwellers since there is an increase in rent values and the number of units belonging to low-income earners is dwindling (Ivory and Colton). Due to the rising housing problem and housing affordability challenge, I propose that the government should eliminate regulatory barriers at each level, adopt innovative construction technologies and engage in creative finance since it will permit people to affordable houses through mortgage and loans.

Based on the current condition, I believe that eliminating regulatory barriers at the federal, state, and local levels will permit more apartments and homes to be built in New York City, which will curb the cost and time of building. If New York City needs to make significant advancements in addressing housing problems and affordability, one of the primary policy levers that I would like you to implement is eliminating or removing building barriers. Currently, work is already in progress to achieve good regulatory policies in both public and private sectors for housing affordability in other States (Ivory and Colton). An exemplary instance of private sector that New York City can copy or imitate is Symbian. The platform is located in San Francisco and is based on the computational law platform capable of mechanizing the regulations and the rules of planning code to assist design professionals, homeowners, and planners to quickly establish whether a dwelling unit is permitted in a specific location. In doing so, I believe that such an innovation will ensure that workers can access and understand the type of housing facilities allowed in New York City (Ivory and Colton). I belie that in doing so, it will give New York City an avenue of curbing regulatory barriers and showcases the potential for other processing innovations associated with zoning and planning.

As a New York City governor, I believe that you may also solve the housing problem and affordability challenge through innovation to increase productivity, build faster and reduce costs. New York City governor could also borrow from what other States are doing. For instance, In California, Entekrasa concentrates on off-site framing is a true example of an innovative ide

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