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...
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
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...
US housing supply reaches nearly 40-year low
The coronavirus pandemic has exacerbated the severe housing supply shortage in the U.S., with the number of homes on...
Chicago affordable housing program has failed, report finds
Chicago’s affordable housing program has failed. That was the takeaway from a citywide task force formed by Mayor Lori...
“Status quo means going backwards:” How development fell from grace under de Blasio
After six years of pushing for development, Mayor Bill de Blasio has been shying away from that agenda. Politico...
Chetrit family’s dev site buy tops weekly mid-market sales
There were three sales between $10 million to $30 million the week before Labor Day. A deal closed for...
Black-led banks combine, focused on multifamily housing
Two banks have merged to form the country’s largest Black-led lender. The combination of Broadway Federal Bank in Los...