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Posts Tagged ‘ affordable housing ’

NYC Just Made Its Biggest Commitment Ever To A Radical Affordable Housing Model

August 4, 2017
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NYC Just Made Its Biggest Commitment Ever To A Radical Affordable Housing Model

City Hall is slowly starting to invest in an affordable housing model that can permanently remove parcels of land from the speculative housing market in rapidly gentrifying neighborhoods, Gothamist writes.

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Mayor de Blasio touts over 70,000 affordable homes created and preserved by the city

July 13, 2017
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Mayor de Blasio touts over 70,000 affordable homes created and preserved by the city

New York City has financed 77,651 units of affordable housing in the past three years, but the majority are already existing affordable units that the city has “preserved,” and critics have argued not enough apartments are reserved for those making the least, the Daily News writes.

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Building a more affordable city: Mayor de Blasio says his housing push is helping many lower-income New Yorkers live in Gotham

July 13, 2017
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Building a more affordable city: Mayor de Blasio says his housing push is helping many lower-income New Yorkers live in Gotham

To the surprise of the skeptics and naysayers, New York City has delivered on its promise to create more affordable housing as the city government has financed nearly 78,000 newly constructed or protected affordable homes since 2014, Mayor Bill de Blasio writes in the Daily News.

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Program to Spur Low-Income Housing Is Keeping Cities Segregated

July 2, 2017
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Program to Spur Low-Income Housing Is Keeping Cities Segregated

In the United States’ biggest metropolitan areas, low-income housing projects that use federal tax credits — the nation’s biggest source of funding for affordable housing — are disproportionately built in majority nonwhite communities, the New York Times reports.

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HOUSING NEW YORK IS MAKING SLOW AND STEADY PROGRESS

June 21, 2017
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HOUSING NEW YORK IS MAKING SLOW AND STEADY PROGRESS

After more than three years since Housing New York was announced, to increase the supply of affordable housing, City & State takes a closer look at the initiative’s progress.

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Flatbush City Council Candidates Square Off Over Affordable Housing

June 16, 2017
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Flatbush City Council Candidates Square Off Over Affordable Housing

The issue of affordable housing in Brooklyn took center stage for candidates vying in both the 40th and 45th district City Council race during the Shirley Chisholm Democratic Club’s political forum that also included judicial and district attorney candidates, Kings County Politics writes.

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421-a’s revival, Affordable New York, incentivizes low-income housing

April 11, 2017
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421-a’s revival, Affordable New York, incentivizes low-income housing

As part of the 153.1 billion dollar budget brokered by Gov. Andrew Cuomo and state legislators, an agreement was reached to revive the 421-a program, which provided tax breaks to developers building affordable housing, Curbed writes.

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“SOLVING” HOMELESSNESS WITHOUT UNDERSTANDING THE PROBLEM

April 5, 2017
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“SOLVING” HOMELESSNESS WITHOUT UNDERSTANDING THE PROBLEM

New York City Mayor Bill de Blasio’s proposal to fight homelessness, while commendable, highlights the housing crisis’s disproportionate weight on some communities and its inextricable link to the lack of affordable housing, City Councilman Jumaane Williams writes in NY Slant.

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Community Developers Say City’s Housing Plan Leaves Them Behind

April 4, 2017
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Community Developers Say City’s Housing Plan Leaves Them Behind

Not-for-profits say City Hall has strengthened a reliance on the for-profit sector for affordable housing, a focus that fails to recognize the value that not-for-profits bring to a housing deal or acknowledge the unique obstacles those firms face competing against for-profit companies, City Limits writes.

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Trump Tax Plan Could Mean Funding Gaps for Affordable Housing Projects

March 28, 2017
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Trump Tax Plan Could Mean Funding Gaps for Affordable Housing Projects

Many of the city’s affordable housing projects in the early stages of development are grappling with budget shortfalls due to the uncertain future of the Low Income Housing Tax Credit program, DNAinfo writes.

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