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

President Donald Trump (Getty, iStock)

Trump tweets that he “may END” Obama-era fair housing regulation

President Trump’s latest announcement regarding his plans for fair housing regulations came in the form of a Tuesday night...

Trump tweets that he “may END” Obama-era fair housing regulation
City Council member Vanessa Gibson, Speaker Corey Johnson and City Council member Brad Lander (Getty)

Why the City Council abandoned affordable housing

The speeches began shortly after 10 p.m. and dragged on for more than two hours. One City Council member...

Why the City Council abandoned affordable housing
Barika Williams of Association of Neighborhood and Housing Development and Adam Weinstein, CEO of Phipps Houses

Affordable housing experts talk systemic change

Advocates have long sought solutions to housing affordability, but recent social unrest has prompted a closer examination of the...

Affordable housing experts talk systemic change
A new report finds homes still unaffordable for majority of Americans (iStock)

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties

Homeownership is unaffordable for the average wage earner in three quarters of counties surveyed across the U.S. That’s according...

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties
Competition for affordable housing in New York City is highest among those who need affordable housing most (Getty, iStock)

Poorest face worst odds in city’s housing lotteries

If it’s lonely at the top, it’s lonelier at the bottom for those seeking affordable housing. The less money...

Poorest face worst odds in city’s housing lotteries
S. Lawrence Davis and 160-05 Archer Avenue (Google Maps)

Shorewood scores $88M construction loan for first Opportunity Zone project

Shorewood Real Estate Group has inked a new mortgage on its Opportunity Zone project in Jamaica, Queens, after closing...

Shorewood scores $88M construction loan for first Opportunity Zone project
86-15 Queens Boulevard with James and Jerry Pi (Google Maps)

Pi Capital plans senior housing project in Elmhurst

Queens developer Pi Capital Partners plans to break ground by the end of 2020 on a 142-unit project in Elmhurst,...

Pi Capital plans senior housing project in Elmhurst
Mayor Bill de Blasio (Getty, iStock)

NYC overhauls housing lottery application system

New York City’s online housing lottery application system is getting a much-needed overhaul, as the coronavirus pandemic has put...

NYC overhauls housing lottery application system
Alicia Glen

Alicia Glen to launch development firm, MSquared

Former Deputy Mayor and Goldman Sachs alum Alicia Glen is about to launch her own development firm to build...

Alicia Glen to launch development firm, MSquared
Brad Lander and Vanessa Gibson (Credit: Getty, iStock)

NYC will lose 21,000 affordable units to budget cuts: report

UPDATED June 2, 2020: City Council members are fighting Mayor Bill de Blasio’s proposed cuts to the city’s capital...

NYC will lose 21,000 affordable units to budget cuts: report
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