Here’s something to think about.

At last week’s city council hearing (blogged about here), Brooklyn’s Lewis Fidler (Democrat, 46th district) proposed that the recent spike in water bill delinquencies could very well be related to the sub-prime lending crisis.

According to Fidler, the parts of NYC known to have high delinquency rates are also the parts of NYC hit hardest by the sub-prime lending crisis. Fidler’s point was something to the effect of “If a homeowner has the resources to pay only the mortgage or the water bill, I think we all know what the homeowner is going to choose to pay.”

What follows from Fidler’s observation is that the DEP’s insistence to keep raising rates will quickly exacerbate the effects of the sub-prime lending crisis, causing more and more foreclosures in NYC.

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I’m Hershel

As President of Ashokan Water Services, Hershel has spent the last twenty years coordinating water conservation efforts for over 8,500 New York properties. In response to the North East droughts in the 1980’s, he formed Ashokan with a team of plumbers and engineers. Today Ashokan is a full-service water management company specializing in utility auditing, meter installation, meter reading, water conservation, backflow installation, and testing. Hershel focuses on managing Ashokan’s strategic planning and innovation process.

Hershel currently resides with his family in Brooklyn, New York, is an avid kayaker, and is an active blogger on water issues. He serves on The NYC Sustainability Advisory Board, the Mayor’s Green Codes Task Force, and many more. His personal goal is to minimize the effects of CSO and stormwater runoff within the Hudson River Estuary in order to create a positive impact on New York City’s environment.

For more information about Ashokan Water Services, please visit Ashokan’s website, which is listed below.

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