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 14, 2019An affordable housing building from Grand Street Guild is coming to the Lower East Side
August 9, 2019Kanye West has been cited for violating city code while building his “Star Wars”-inspired affordable housing domes.

The Latest

Brooklyn’s Sunset Park is in the midst of a severe housing crisis and in desperate need of affordable housing. (Photo by Jim.henderson via Wikipedia)

Sunset Park faces severe affordable housing shortage: report

Brooklyn’s Sunset Park, which is currently in the spotlight thanks to the controversial Industry City rezoning, is in desperate...

Sunset Park faces severe affordable housing shortage: report
The number of single-family homes on the market hit historic lows in July, driving prices up (iStock)

US housing supply reaches nearly 40-year low

The coronavirus pandemic has exacerbated the severe housing supply shortage in the U.S., with the number of homes on...

US housing supply reaches nearly 40-year low
Mayor Lori Lightfoot (Getty; iStock)

Chicago affordable housing program has failed, report finds

Chicago’s affordable housing program has failed. That was the takeaway from a citywide task force formed by Mayor Lori...

Chicago affordable housing program has failed, report finds
Mayor Bill de Blasio (Getty)

“Status quo means going backwards:” How development fell from grace under de Blasio

After six years of pushing for development, Mayor Bill de Blasio has been shying away from that agenda. Politico...

“Status quo means going backwards:” How development fell from grace under de Blasio
2870 Ocean Avenue and Isaac Chetrit, and 936 Home Street (Google Maps) 

Chetrit family’s dev site buy tops weekly mid-market sales

There were three sales between $10 million to $30 million the week before Labor Day. A deal closed for...

Chetrit family’s dev site buy tops weekly mid-market sales
Broadway Federal Bank CEO Wayne-Kent Bradshaw and City First Bank CEO Brian Argrett (Photos via Getty, City First Bank)

Black-led banks combine, focused on multifamily housing

Two banks have merged to form the country’s largest Black-led lender. The combination of Broadway Federal Bank in Los...

Black-led banks combine, focused on multifamily housing
Barika Williams of the Association for Neighborhood and Housing Development and Vicki Been of Housing and Economic Development (Getty; ANHD)

What’s wrong with NYC housing? A lot, these folks say

Housing builders and policy pros on Wednesday laid bare some hard facts about New York City’s affordability crisis. Politicians...

What’s wrong with NYC housing? A lot, these folks say
The disparity between housing and job growth is caused in part by low-density zoning throughout the city (iStock)

Jobs outpaced housing, pushing prices up: report

New York City built just 19 housing units for every 100 new jobs from 2010 to 2018, a new...

Jobs outpaced housing, pushing prices up: report
150 East 91st Street and Redeemer Presbyterian's Timothy Keller (Google Maps; Frank Licorice via Wikipedia)

Redeemer Presbyterian’s UES multifamily building buy leads mid-market deals

 New York’s $10 million to $30 million investment sales market saw three deals last week, two involving multifamily buildings....

Redeemer Presbyterian’s UES multifamily building buy leads mid-market deals
The Real Deal's Kathryn Brenzel and WNYC’s Sean Carlson

TRDxWNYC: Reporter Kathryn Brenzel on surging vacancies

The apartment vacancy rate in New York City has doubled or tripled, depending on who’s counting. Whatever the number,...

TRDxWNYC: Reporter Kathryn Brenzel on surging vacancies
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