>>1583172Write building numbers of commercial multifamily rental buildings on ping pong balls. Fill one of those lottery things with the balls. Randomly pick 10% of them, use eminent domain to buy the buildings at the tax-assessed value. Form investor-hostile cooperatives based on the HDFC model (flip tax, 25 year tax abatement, sublet limited to 2 out of 5 years with a minimum 12 month initial residency) and offer the residents a buy option with government backed mortgages calculating the value using their current rent to estimate the price (which would obviously be below market rate due to fucked up price:rent ratio). Add a staggered sunset provision at which point the coops flip to market rate 25-35 years out. Anyone who chooses not to buy can remain on a rent stabilized lease until the market rate flip takes place and the rent goes is paid towards the cooperative for building improvements and maintenance.
This would probably not have too many takers but if you add 100 home owners to the neighborhood which more closely match the present-day demographics you still get a radical change in community board demographics.
