Affordable Housing

Affordable Housing

Housing is considered affordable if it costs one-third or less of a household’s income and is stabilized to avoid rent increases over time.

Affordable Housing Q&A

Why is affordable housing an issue?
Affordable housing can allow residents financial security and stability. However, many landlords and property owners argue that stabilized rents for affordable housing make renovating and maintaining property difficult or impossible. There are different opinions about the impact of affordable housing on neighborhoods, whether or not the government is obligated to provide and create affordable housing, and how and to whom affordable housing should be made available.
Want to know more about affordable housing?
Check out The Real Deal's latest coverage in the Top Stories section below.

Affordable Housing Top Stories

August 9, 2019Kanye West has been cited for violating city code while building his “Star Wars”-inspired affordable housing domes.

The Latest

Inwood has stayed affordable for a remarkably long time. That could soon change. (Credit: Wikipedia)

Inwood braces for gentrification

Inwood has remained an affordable part of Manhattan for a remarkably long time, but a rezoning has raised fears among locals that rents will rise. The city rezoned the northern Manhattan neighborhood last August,...

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They...

A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

The nonprofit Grand Street Guild is planning to bring a 274,000-square-foot affordable housing project to the Lower East Side....

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

Rapper. Clothing designer. Entrepreneur. Donald Trump fan. And now, affordable housing developer? The outspoken rapper’s plan for a community...

Developer seeks $40M for Opportunity Zone site in downtown Newark

Less than two years after acquiring a 0.62-acre site in downtown Newark, a developer has tapped Meridian Capital Group...

Presidential debate 2020 Night 2: Here’s where these Democratic candidates stand on housing

Some of the 10 Democratic candidates for president taking the stage at Thursday’s debate in Miami have wrapped their housing policies in larger proposals...

Mayor Bill de Blasio and Rikers Island (Credit: Getty Images)

Real estate development not coming to Rikers Island, mayor says

Even for jails, it’s all about location, location, location. When a listener to Mayor Bill de Blasio’s weekly call-in...

Comptroller Scott Stringer (Credit: Getty Images)

Stringer sounds the alarm on the housing affordability crisis in new report

New Yorkers are feeling the squeeze from the city’s rising rents over the last decade, according to a new...

Billionaire sells Bridgehampton estate for close to $43M ask, iconic Springs General Store hits market again & more Hamptons real estate news

Natural gas mogul unloads Bridgehampton beach house Three years after putting down $110 million for a 6.5-acre estate in East Hampton, natural gas tycoon...

Nation’s first affordable housing development for LGBT seniors to open in Bay Shore, West Islip home with helipad hits the market & more Long Island real estate news

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