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

86-15 Queens Boulevard with James and Jerry Pi (Google Maps)

Pi Capital plans senior housing project in Elmhurst

Queens developer Pi Capital Partners plans to break ground by the end of 2020 on a 142-unit project in Elmhurst,...

Pi Capital plans senior housing project in Elmhurst
Mayor Bill de Blasio (Getty, iStock)

NYC overhauls housing lottery application system

New York City’s online housing lottery application system is getting a much-needed overhaul, as the coronavirus pandemic has put...

NYC overhauls housing lottery application system
Alicia Glen

Alicia Glen to launch development firm, MSquared

Former Deputy Mayor and Goldman Sachs alum Alicia Glen is about to launch her own development firm to build...

Alicia Glen to launch development firm, MSquared
Brad Lander and Vanessa Gibson (Credit: Getty, iStock)

NYC will lose 21,000 affordable units to budget cuts: report

UPDATED June 2, 2020: City Council members are fighting Mayor Bill de Blasio’s proposed cuts to the city’s capital...

NYC will lose 21,000 affordable units to budget cuts: report
Mayor Bill de Blasio (Getty, iStock)

Developers fume over city plan to cut affordable housing spending

Affordable housing developers are pushing back on Mayor Bill de Blasio’s plans to cut the budget for housing. The...

Developers fume over city plan to cut affordable housing spending
A new study found that almost nine in 10 households have paid at least some rent in May (Credit: iStock)

Almost 90% of renters have made payments in May: report

Nearly 9 in 10 apartment households had paid at least some May rent as of Wednesday, according to the...

Almost 90% of renters have made payments in May: report
Mayor Bill de Blasio (Credit: Getty Images)

De Blasio proposes big cuts to affordable housing budget

Mayor Bill de Blasio’ signature affordable housing plan, already troubled by a string of setbacks at the start of...

De Blasio proposes big cuts to affordable housing budget
CHIP's Jay Martin 

“The landlord is just a collection agent for the city,” CHIP head argues

The head of an influential New York landlord group has called for city and state officials to think about...

“The landlord is just a collection agent for the city,” CHIP head argues
(Credit: iStock)

Analysis: As coronavirus spreads, here are all the active hot water violations in NYC

Though the Center for Disease Control is urging the public to wash their hands, some renters may not be...

Analysis: As coronavirus spreads, here are all the active hot water violations in NYC
From left: Joe Biden, Elizabeth Warren, Michael Bloomberg, Bernie Sanders and Amy Klobuchar (Credit: Getty Images)

Here’s how Bernie, Biden and the remaining presidential candidates would tackle housing crisis

UPDATED, March 2, 1:57 p.m.: Though all of the top five Democratic presidential candidates have detailed plans to address the country’s housing affordability crisis,...

Here’s how Bernie, Biden and the remaining presidential candidates would tackle housing crisis
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