Our district desperately needs more affordable housing. But even affordable rental units do not allow families, especially low-income families, to build wealth in the form of home equity. Part of the American Dream is the idea that by owning a home, we create an investment that gives security and stability to our families. My own parents were able to buy an affordable home in Sunset Park over 40 years ago, which allowed our family of working class tradespeople to eventually join the middle class. They still live there today. I want every family in our district to have a path to home ownership. We already have a model for how to make home ownership a reality for working New Yorker: Mitchell-Lama co-ops, where the residents are shareholder-owners, and collectively decide how to take care of their homes. (Read more here). Sponsored by Manhattan State Senator MacNeil Mitchell and Brooklyn Assembly Member Alfred Lama, the “Limited Profit Housing Act” of 1955 created what are now known as Mitchell-Lama affordable housing developments, both rentals and co-ops. Over 105,000 apartments were built under the program. Most of these developments were created by using eminent domain on underused or abandoned property in the 1960s and 70s, when New York City was in an economic crisis. A new Mitchell-Lama program, focused on building homeownership, would finally provide racial and housing justice by giving preference to long-time residents of historically red-lined communities, helping our community create intergenerational wealth and become part of a secure middle class.