Lindsay Park’s leaders say they’re acting to stabilize the development’s finances. But some residents say the board’s moves have been bad for their own wallets.
It’s time to rethink the 421a subsidy program, an expensive and inefficient way to provide affordable housing in a city where government budgets and renters’ wallets are strained.
A plan to build housing on property once part of the Rheingold brewery in Bushwick has aroused concern about the project’s impact on housing prices across the neighborhood.
Responding to the shelter surge, the city has placed homeless families in clusters of apartments in private buildings. The pricey program might undermine rent stabilization.
While some agree that the plan has financial merit, others fear the social costs of mixing incomes in NYCHA neighborhoods. The authority’s chairman sees it as a win-win.
A report finds shortcomings in the mayor’s affordable housing plan. But as many workers’ incomes stagnate, any housing program is going to face very difficult math.
Federal officials are supposed to screen the apartments that receive Section 8 rent assistance. But their inspection results are often at odd with what residents find.
After the city rezoned Williamsburg, affordable housing was supposed to be built on the grounds of a NYCHA project there. Seven years later, ground has not been broken.
Ocean Village lost power after Sandy. But danger and deprivation were nothing new to its 1,000-plus residents, who hope a new owner and $110 million in public financing change the…