Affordable housing developers look to feds for financing fix
For an affordable housing project in Brooklyn, a small change to a federal affordable housing program could mean a...
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
National
Facebook, Google back modular housing startup
Tech giants Facebook and Google are pulling out their checkbooks to back a modular housing startup. Factory_OS, which aims...
Zara Realty plans 218K-sf Jamaica development
Zara Realty is planning a mixed-income residential development in Jamaica, Queens. The 218,000-square foot residential building, at 153-10 88th...
National
Housing prices soar in mountain towns thanks to tech transplants
Housing prices are rising fast in Western mountain communities where newly liberated tech workers are moving in. Major tech...
“Not on my watch”: AG Tish James fines developers who violated 421a
A new investigation into buildings that benefit from the 421a tax abatement by New York Attorney General Letitia James...
New York’s multifamily sales improve in Q3
New York City’s multifamily investment sales improved in the third quarter compared to second quarter results, as the number...
National
San Francisco mayor blasts “lefty movement” for blocking housing
San Francisco Mayor London Breed didn’t mince words in telling a leading podcast of her city’s tendency to torpedo...
Brooklyn Hospital Center’s $1B renovation could include 1K affordable units
The Brooklyn Hospital Center’s plans to redevelop its Fort Greene campus are becoming more clear, nearly a year after...
Arker Companies begins massive redevelopment of former Queens hospital
UPDATE, Sept. 30 2020, 12 p.m.: Arker Companies is moving forward with its plans to build a thousands of...
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...