Only a third of the students who reported being homeless last school year were in the formal shelter system.
If the 4 percent rate had been fixed, the same set of affordable housing projects that lost $51 million in equity this year would have raised $240 million instead, helping to finance 1,700 affordable units in New York City.
Next year will mark a critical time for New York land use and housing policies, as the city faces a looming evictions crisis and the de Blasio administration will push to approve its final neighborhood rezonings.
