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

322 Grand Concourse in the Bronx and Martin Nussbaum of Slate Property Group and Scale Lending (Google Maps, Slate)

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....

Bronx multifamily development gets $63M loan
Camber Property Group Principals Andrew Moelis and Rick Gropper with 440 West 41st Street (Caro Enterprises, Inc.)

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...

Camber Property buys bankrupt Hell’s Kitchen building for $40M
RiseBoro's Scott Short and Slate Property Group's John Valladares with 326 Rockaway Avenue (Google Maps)

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...

Slate JV plans affordable housing complex in Brownsville
Parkway Hospital in Forest Hills, Top Rock Holdings' Uri Mermelstein, Joseph Yushuvayev and SYU Properties' Josif Elishayev (Google Maps, LinkedIn, Getty)

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...

Parkway Hospital’s redevelopment plan has a pulse
Google CEO Sundar Pichai and renderings of the project (Getty, Google)
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...

Google gets go-ahead to build mega-campus

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