The Importance of Residential Buildings in New York City

Most of our housing is more than 20 to 30 years old if not you know much older actually three out of our four units were built prior to 1974. Only 10% of our housing production has happened in the last decade so we definitely need tools for that. We also haven't been producing enough housing so if one way we can solve that is taking these obsolete office buildings and converting them to residential then conceptually yes we should all be in a good place to agree, he says.