Vornado looks to sell Rego Park development site for $85M
With the fate of New York’s housing construction tax break up in the air, one of the city’s largest...
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
Los Angeles
California could require union labor on all affordable housing projects
The state legislature is considering measures that would require developers hire union labor on affordable housing projects. Not surprisingly,...
Inwood affordable housing project moves forward after rezoning fight
After a legal battle that lasted nearly three years, Inwood’s first affordable housing project since the revival of the...
Workforce Housing Group solar deal will also pay for broadband
An affordable housing developer will use solar energy savings to provide free Wi-Fi for tenants in 22 buildings in...
Bronx multifamily development gets $63M loan
Simon Kaufman’s YS Developers scored a $63 million construction loan for a 14-story, 151-unit residential development in the Bronx....
City Council to require racial equity reports for rezonings
The City Council is set to pass a bill forcing developers to include a “racial equity report” with certain...
Camber Property buys bankrupt Hell’s Kitchen building for $40M
UPDATED, June 11, 6:11 p.m.: Workforce housing developer Camber Property Group acquired a Hell’s Kitchen apartment building out of...
Slate JV plans affordable housing complex in Brownsville
Slate Property Group is teaming up with nonprofit RiseBoro Community Partnership to build a 215-unit affordable housing project in...
Parkway Hospital’s redevelopment plan has a pulse
Parkway Hospital in Forest Hills closed for good in 2008, and since then attempts to redevelop the 100,000-square-foot building...
Los Angeles
Google gets go-ahead to build mega-campus
Google will build it, and mostly likely they will come. The tech behemoth received the green light from San Jose city officials to develop its 80-acre mega-campus with residential, office and retail space, according...