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

Friends of Bay Street Chairman Adam Potter and rendering of new affordable housing and commercial space (LinkedIn, BHC Architects, Illustration by Kevin Cifuentes for The Real Deal)
Tri-State

Affordable housing project proposed for Sag Harbor

The Hamptons are in dire need of affordable housing. A local leader is ready to step into the lurch....

Affordable housing project proposed for Sag Harbor
Fairstead's Jeffrey Goldberg with Savoy Park (Fairstead)

Fairstead puts Harlem affordable complex on market

Fairstead is looking to turn a hefty profit on its Harlem affordable housing complex six years after purchasing the...

Fairstead puts Harlem affordable complex on market
Mayor Eric Adams and Kramer Levin's Valerie Campbell (iStock, Getty Images, Kramer Levin)

Mayor outlines sweeping rezoning plan

Mayor Eric Adams released a three-pronged plan Wednesday to retool zoning rules to diversify businesses in neighborhoods and boost affordable housing. But the path to approval is laced with irony. If the City Council...

Mayor outlines sweeping rezoning plan
From left: Bruce Teitelbaum and Kristin Richardson Jordan along with a rendering of One45 (Getty Images, One45, iStock)

Harlem affordable resi project withdrawn, appears dead

Harlem had 458 new, affordable apartments in its grasp. Instead it will get none. Developers withdrew their application for...

Harlem affordable resi project withdrawn, appears dead
Clockwise from top: Mayor Eric Adams, Bruce Teitelbaum, Adrienne Adams and Suri Kasirer (Getty/Adams via Paul Dilakian)
News Analysis

A make-or-break moment for NYC’s housing crisis

We’re about to learn whether the two Adams regimes are serious about solving the city’s housing crisis. In a...

A make-or-break moment for NYC’s housing crisis

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