Steven Spinola, 65, has been the longest serving president of The Real Estate Board of New York (REBNY), the city’s leading trade association with approximately 15,000 members. The Influential trade group and real estate advocacy organization for housing and home development throughout the city. Mr Spinola, announced his premature departure in 2015, to the board of governors while acknowledging his most current signed extension will presumably be his final contract. Steven has served the board since 1986, his plans will be focused on consulting roles while serving on the advisory board in forthcoming years.

REBNY, was established in 1896, and is a conglomeration of property owners, appraisers, architects, attorneys, insurance companies, managers, brokers, public agencies, developers, banks, utilities, consultants, institutions and multiple individuals professionally interested in the city’s real-estate. Mr Spinola’s departure announcement seems impeccable amid the progressive Mayor Bill de Blasio’s audacious proposal of housing preservation in the next decade.

Mayor Bill de Blasio, set-forth his highly anticipated housing plan, an objective geared towards preserving 200,000 affordable apartments across all five boroughs in the coming decade. This unprecedented affordability plan has exceeded any of its kind in the nations history. The progressive Mayor has vowed to make affordable housing a compulsory inclusionary zoning for large scale developers, or developers must implement affordable units if permission should be granted for bigger infrastructures.

The $41.1 billion program relies on federal, city, state and private fundings, 40 percent focuses on new construction while 60 percent will be allotted for preservation. The Mayor, has emphasized on the inequality disparity crisis, and the affordable housing plan would accommodate New Yorkers ranging below the economic spectrum, to middle income class experiencing spiraling rent increase in their community. A pledge he claims would benefit all citizens.

This plan engages the crisis of affordability from multiple angles, a housing strategy innovation that will spur economic development and revitalize neighborhoods. A corporation between government and the private sector in merging to achieve these ambiguous goals. Quite an economic transition to shift from costly homeless shelters to stable affordable housings, a measure that will not only accommodate the homeless, but people with physical limitations and mental illnesses. A peculiar way to decrease or reverse the unprecedented surge of homelessness in the city.

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