RockTheVote
Common Councilors, political science experts react to Ben Walsh’s historic election win
How Business lobby groups and consumer align to fight for their cause
Republican tax plan would decimate affordable housing in New York, advocates and city officials warn
New York state quietly stopped funding a key affordable housing program
The city has stopped funding the 80/20 plan. This plan called for offering tax exemption for affordable housing units. In essence is a 100 million dollar project, provided 20% affordable housing, 20 million of it would be tax exempt. One real estate finance source said that the change caught the industry by surprise.
The Problem with Voting Rights in New York
As More People Move In, New York City Suffers Affordable Housing Crisis
New York City’s Affordable Housing Bonanza for the Rich
Housing subsidies go to families making up to $193K. Rent control laws[*] were intended to protect poor New Yorkers from rapacious landlords, but in practice they disproportionately benefit the well-to-do, who are more likely than the poor to remain for decades in apartments that become increasingly underpriced as the years go by. De Blasio, who ran on a promise to reduce inequality, is now enabling upper middle class New Yorkers to tap into these subsidies to serve their housing needs.