“At a base level, the next mayor has to use the city’s leverage in transactions involving public resources—especially land—to maximize public benefit, including deep and permanent housing affordability.”
The Low-Income Housing Tax Credit (LIHTC), a federal subsidy, has created and preserved affordable rents for decades. Now, its expiration could force residents out.
“A parade of mayors, Democrat and Republican, have also predominantly relied on the private sector over the past 40 years to address the city’s lack of affordable housing. Yet here…
The state is opening 105 apartments at the former Lincoln Correctional Facility on West 110th Street. But local elected officials say the “co-op style” units are priced too high for…
The application, dubbed form 2010E, can take months to complete and requires prospective tenants to provide their medication and hospitalization history and show proof of homelessness, as well as a…
“New York’s proposed Faith-Based Affordable Housing Act offers a practical solution to two pressing challenges: preserving historic houses of worship and addressing the state’s severe housing crisis.”
The plan could deliver 4,600 new apartments and other investments in Central Brooklyn. But passage by City Council may involve negotiations to increase the amount—and affordability—of housing at publicly owned…
In New York City, accumulating wealth is many times more difficult for Latino and Black New Yorkers, according to a recent report by the Robin Hood Foundation.
CityFHEPS vouchers are supposed to give low-income New Yorkers more choice in where they live, but data shows that voucher holders are predominately renting in certain Bronx and Southeast Brooklyn…