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