CITY WIRE: THE BLOG
Optimism on Massive Portfolio of Working-Class Housing
Jarrett Murphy |
Advocates hoped a new owner would take on the troubled “three-borough pool.” But they welcome a deal with the state AG protecting tenants’ rights.
Advocates hoped a new owner would take on the troubled “three-borough pool.” But they welcome a deal with the state AG protecting tenants’ rights.
A new report finds renters are being priced out of housing across the country—not because of a lack of supply, but because of the inadequacy of our incomes.
After being torn down for a redevelopment that proved too pricey to complete, Prospect Plaza is being replaced by a mix of public- and affordable housing. The metrics of that mix are still being worked out.
In the struggle to hold on to their places in neighborhoods where rents are rising rapidly, a group in Crown Heights is hoping there’s strength in numbers.
Hundreds of apartments covered by Section 8—key anchors in a neighborhood where affordability is threatened by gentrification—are slated to leave the program.
For decades housing advocates have hounded negligent property owners. Now there’s increasing focus on the lenders who permit them to buy other peoples’ homes.
One former Lutheran church being converted to housing will include affordable units. It’s unclear whether another former house of worship will offer non-market apartments as well.
The agency says The Bradford, which serves families making up to $194,000, was a wise use of resources to achieve income diversity and supply affordable housing to under-served income groups.
A development that used generous subsidies and largely offered high-rent units represents the kind of deal the mayor’s affordable housing initiative ought to avoid.
The mayor’s appointments to the Rent Guidelines Board will be critical to protecting nearly a million households.