Eric Adams on Welfare & Poverty

Create MyCity, a one-stop portal for services and benefits

New York City has 350,000 households that are unbanked and another 680,000 that are under banked. That means we are sidelining thousands of people from our economy and allowing industries such as payday lending to flourish by profiting off of poverty. Community-based banks in lower-income areas that remove minimum balance requirements and overdraft fees will be granted property tax relief, or their landlords will, in exchange for sharing that relief as a rent break.

Build affordable housing in wealthier areas

Faith-based institutions have the social vision and local understanding to advance affordable and supportive housing projects on their own properties, but they often do not have the financial or technical capacity to do so. We will partner with faith-based institutions across New York City to leverage these development rights for a public purpose.