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Virginia Fields asks for more affordable housing projects.


Warning that New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 will not attract new business without more affordable housing, Manhattan Borough President C. Virginia Fields C. Virginia Fields is the former Borough President of Manhattan, elected in 1997 and reelected in 2001. Her term expired in January 2006.

C. (Clara) Virginia Fields was born in Birmingham, Alabama circa 1946 and received her B.A.
 urged the membership of Associated Builders and Owners of Greater New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and the Giuliani Administration to take more aggressive action now to develop new affordable housing, especially in Central Harlem.

Fields said New York City should realize that it was losing the ability to attract new business because housing a workforce was so cost prohibitive. She attributed this to the spiraling cost of vacant land and offered a solution that was used in previous administrations.

"We have to return to some of the tactics that helped the public and private sectors work together and one of those was to sell vacant or in REM [Latin, In the thing itself.] A lawsuit against an item of property, not against a person (in personam).

An action in rem is a proceeding that takes no notice of the owner of the property but determines rights in the property that are conclusive against all the
 housing sites that the city owned to a builder developer for one dollar with the stipulation hat he build affordable housing on the site," she said.

Ms. Fields made her remarks at a sold out luncheon of the Associated Builders and Owners held at the National Arts Club The National Arts Club is a private club founded in 1898 to "stimulate, foster, and promote public interest in the arts and to educate the American people in the fine arts". Since 1906 the organization has occupied the Samuel J.  on June 8. She applauded the work of ABO ABO

See: Accumulated Benefit Obligation
 in coordinating the report, "A Time to Build," which she said was a good starting point for the industry to use in its effort to develop affordable housing throughout the region. It is a report that was originated in her office and developed with ABO as part of an industry-wide task force that included builders, architects, non-profits, and others.

The borough president said that she was also strongly in favor of seizing properties that stood in the way of assembling a site to develop affordable housing, and that she would urge the Mayor to implement this action when necessary.

"We are in support of the efforts of Ms. Fields, and we are working with our membership to focus attention on this important issue," said Jerome Belson, president of ABO.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 21, 2000
Words:311
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