Wednesday, October 19, 2016
Why De Blasio's Affordable Housing Plan Is in Trouble [In 5 Steps]
More than half of New York City’s 3 million apartments are defined as affordable—meaning they have rents limited by the government and received a public subsidy such as cash, tax breaks or zoning allowances.
The various city, state and federal programs that created them have all been controversial at one time or another, but debate now centers on Mayor Bill de Blasio’s plan to build 80,000 new affordable apartments and renew rent-capping agreements for 120,000 more by 2024...