Tri-State
Shelter Island prices squeezing out affordable housing
Housing on Shelter Island is becoming increasingly unaffordable, leaving the middle class without options and putting the community’s future...
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
Tri-State
Large Rockland development project suffers setback in court
An ongoing legal fight between a citizens group in Rockland County and the town of Ramapo has been given...
Tri-State
Despite hurdles, developer plans 10-story affordable housing complex in Yonkers
An affordable housing complex is being planned in Yonkers, although development of the project could still face several obstacles....
National
5 real estate issues to watch in Dems’ $3.5T budget
Federal lawmakers are hashing out a $3.5 trillion spending plan that could include billions of dollars for new affordable...
Controversial project replacing Brooklyn McDonald’s poised for approval
Ba-da-ba-ba-ba: She’s lovin’ it. City Councilmember Laurie Cumbo has struck a deal with developers to rezone a Prospect Heights...
National
Biden to change rules to boost affordable housing
With housing in short supply and affordable housing hard to find, the Biden administration aims to make technical changes...
San Francisco
California Senate bill to end single-family zoning could increase affordable housing
California lawmakers gave initial approval to a bill that would allow for two-unit buildings to be built on lots...
NYC newcomer Grubb Properties plans 317 units in LIC
A North Carolina development firm thinks now is the time to break into New York City’s housing market. Grubb...
Maddd Equities receives approval for 611-unit Inwood affordable housing project
Six years after purchasing the site, Maddd Equities has finally received approval from the Department of Buildings for a...
Why affordable apartments are so hard to build
The edifice rises suddenly, its sheer brick masonry cut with floor-to-ceiling windows — a stunning contrast to the low-rise...