- REAL ESTATE EDUCATION
- GIVING BACK
New York Times --Yes to Housing in Our Backyard
September 2, 2014
Mayor Bill de Blasio’s mission to fix New York’s affordable-housing problem is both daunting and necessary, like fortifying a sandy coastline against a rising sea. The waves in this case would include smothering rents and decades of decay and disinvestment in government-subsidized housing for the working class and the poor.
Finding or hanging on to a decent place to live in is hard and getting harder for those on the wrong side of the city’s income divide. Mr. de Blasio’s ambitious answer is to ramp up supply over the next 10 years. He wants to preserve 120,000 affordable units and build 80,000 new ones, much of them in developments of greater height and density than many neighborhoods outside Manhattan have seen.