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

Joy Construction’s Eli Weiss, Maddd Equities’ Jorge Madruga, and Mayor Bill de Blasio (Google Maps, Getty)

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...

Inwood rezoning faces new challenges in HPD budget cuts
Councilman Mark Levine (Credit: Getty Images)

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...

Council moves to free co-op owners from rent-reg bureaucracy
Greystone Capital Advisors' Drew Fletcher and Lappin Associates' Michael Lappin have come up with an elegant solution to several housing issues, but need a tax break to make it work.

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...

Housing venture pieces together affordability plan for de Blasio
(iStock)

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...

Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
President Donald Trump (Getty, iStock)

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...

Trump tweets that he “may END” Obama-era fair housing regulation
City Council member Vanessa Gibson, Speaker Corey Johnson and City Council member Brad Lander (Getty)

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...

Why the City Council abandoned affordable housing
Barika Williams of Association of Neighborhood and Housing Development and Adam Weinstein, CEO of Phipps Houses

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...

Affordable housing experts talk systemic change
A new report finds homes still unaffordable for majority of Americans (iStock)

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...

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties
Competition for affordable housing in New York City is highest among those who need affordable housing most (Getty, iStock)

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...

Poorest face worst odds in city’s housing lotteries
S. Lawrence Davis and 160-05 Archer Avenue (Google Maps)

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...

Shorewood scores $88M construction loan for first Opportunity Zone project
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