Inwood rezoning faces new challenges in HPD budget cuts
Developers who stand to gain from Inwood’s reinstated rezoning may have celebrated too soon. After an appellate court unanimously...
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
Council moves to free co-op owners from rent-reg bureaucracy
Certain co-op owners will soon be spared from a law requiring them to register their apartments with the city’s...
Housing venture pieces together affordability plan for de Blasio
Two firms are offering New York City a solution to a slew of affordable housing issues. To make it...
Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
Churches, whose already declining attendance plummeted during the pandemic, are now looking to development for extra cash. Places of...
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...
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...
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...
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...
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...
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...
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