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

 NYCHA CEO Gregory Russ and NYCHA houses (Credit: Minneapolis Public Housing Authority and Getty Images)

NYCHA head: Agency now needs $40B in repairs

Two years ago, the New York City Housing Authority said it needed $32 billion to repair its housing stock....

NYCHA head: Agency now needs $40B in repairs
Carl Heastie highlighted homelessness and housing affordability in remarks to open the 2020 session (Credit: Facebook, Getty Images)

Heastie drills down on homelessness, affordable housing

Assembly Speaker Carl Heastie surprised observers Thursday night when he highlighted homelessness in his opening remarks for the 2020...

Heastie drills down on homelessness, affordable housing
147-07 94th Avenue in Jamaica and Pheonix Realty Group president Keith Rosenthal (Credit: Google Maps)

Phoenix Realty, Artimus snag $181M loan for Jamaica resi project

Phoenix Realty Group and Artimus Construction landed nearly $181 million in construction financing for a mixed-use, affordable housing development...

Phoenix Realty, Artimus snag $181M loan for Jamaica resi project
Creston Apartments at 2030 Creston Avenue in the Bronx (Credit: Google Maps, iStock)

Construction firm with alleged mob ties worked on Bronx affordable housing project

CWC Contracting, the firm federal prosecutors allege is a front for the mob, didn’t just work on the luxury...

Construction firm with alleged mob ties worked on Bronx affordable housing project
2000 Valentine Avenue and 1985 Webster Avenue (Credit: Google Maps)

Investors partner on $170M Bronx affordable housing purchase

A trio of real estate companies have joined together to buy an affordable housing portfolio in the Bronx for...

Investors partner on $170M Bronx affordable housing purchase
A rendering of Hunters Point South

Developers score at least $446M in city financing for LIC development

The developers of two new skyscrapers on the Queens waterfront just scored at least $446.1 million in city financing....

Developers score at least $446M in city financing for LIC development
L+M Development Partners’ CEO Ron Moelis and an aerial of 401 Chester Street (Credit: L+M, Google Maps)

L+M transfers piece of big Brooklyn residential project to Dunn

A piece of L+M Development Partners’ sprawling affordable housing project in Brownsville is getting a new developer. Plans filed...

L+M transfers piece of big Brooklyn residential project to Dunn
205 Park Avenue (Credit: Google Maps)

Developer files plans for mixed-use project facing BQE

After overcoming concerns about air and sound pollution, Brooklyn developer Bruchy Lefkowitz is moving ahead with plans for a...

Developer files plans for mixed-use project facing BQE
Inwood has stayed affordable for a remarkably long time. That could soon change. (Credit: Wikipedia)

Inwood braces for gentrification

Inwood has remained an affordable part of Manhattan for a remarkably long time, but a rezoning has raised fears among locals that rents will rise. The city rezoned the northern Manhattan neighborhood last August,...

Inwood braces for gentrification
Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

First, it was tax reform that pushed CEOs, hedge fund managers and other high-net-worth individuals to South Florida. They...

Rent reform in New York, California propels new wave of multifamily investors to Miami
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