In Jersey City's mayoral runoff, two Democratic candidates are taking aim at the city's affordability crisis – with Solomon and McGreevey diverging most sharply over their proposals for tackling the issue.
The city's unaffordable housing situation has driven much of the campaign's conversation, although both Solomon and McGreevey agree on key principles. They support setting aside 20% of units in new developments as affordable spaces and are keen to be more discerning about handing out tax breaks to developers.
However, their differing visions for addressing the problem have become increasingly stark as election day draws near. Solomon's plan is to build thousands of affordable apartments, with some units capped at a mere $1,000 per month in rent. McGreevey has called this proposal "fantasy thinking," and argued it would create an unprecedented financial burden – an estimated $3 billion additional property taxes.
Solomon disputes the claim, suggesting that developers who finance such projects will bear the costs, rather than taxpayers. He claims this approach is already used in Jersey City and New York City. McGreevey has accused Solomon of being at odds with reality and "cooked up" by real estate interests looking to avoid stringent requirements for building affordable units.
Their disagreement on affordable housing highlights a more fundamental clash between the two candidates – Solomon's willingness to take bold action and McGreevey's preference for caution. As the mayoral election unfolds, it remains to be seen which vision will prevail in Jersey City's most pressing challenge: tackling unaffordable housing.
The city's unaffordable housing situation has driven much of the campaign's conversation, although both Solomon and McGreevey agree on key principles. They support setting aside 20% of units in new developments as affordable spaces and are keen to be more discerning about handing out tax breaks to developers.
However, their differing visions for addressing the problem have become increasingly stark as election day draws near. Solomon's plan is to build thousands of affordable apartments, with some units capped at a mere $1,000 per month in rent. McGreevey has called this proposal "fantasy thinking," and argued it would create an unprecedented financial burden – an estimated $3 billion additional property taxes.
Solomon disputes the claim, suggesting that developers who finance such projects will bear the costs, rather than taxpayers. He claims this approach is already used in Jersey City and New York City. McGreevey has accused Solomon of being at odds with reality and "cooked up" by real estate interests looking to avoid stringent requirements for building affordable units.
Their disagreement on affordable housing highlights a more fundamental clash between the two candidates – Solomon's willingness to take bold action and McGreevey's preference for caution. As the mayoral election unfolds, it remains to be seen which vision will prevail in Jersey City's most pressing challenge: tackling unaffordable housing.