The program aimed to test ways to legalize basement apartments as a way to create new, sanctioned affordable housing units for tenants and help the moderate-income homeowners who might rent some of the spaces out.
De Blasio’s executive budget proposes large shifts in capital funding for his 300,000-unit housing plan—essentially backloading hundreds of millions in capital expenditures to future years, most of which fall beyond his term.
Affordable housing developers, tenant advocacy groups and real-estate operators are grappling with the unprecedented impact of COVID-19 on the economy.
Nearly four years after it was created, with the city having started construction on more than 43,000 housing units under the mayor’s housing plan, only some 2,000 units have been created through the MIH requirement.
After a landmark series of wins in 2019, groups advocating for low-income tenants and the homeless are looking to tighten rent-regulations further and create new paths from shelters to homes.
Community members in Chinatown donated to cover the cost of the victim’s funeral, and are calling for greater attention to homelessness and affordable housing.
A new building that will generate funds to support Brooklyn Bridge Park could have been all luxury rentals, but instead will set aside a majority of its apartments for specific income groups. But some of those units will serve relatively affluent New Yorkers. So is this a minor victory, or another loss, for affordability in NYC?
The changes will increase access to affordable housing for many New Yorkers across the city, and “reduce the chances of a tenant being denied a unit due to poor credit history.”
The city is looking for a developer to build affordable housing and community facilities on two East Harlem sites.
‘To compete in this environment, the city must offer an attractive affordable housing alternative, define the neighborhoods where it is available, and implement individual deals on a timely fashion.’
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