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New York City recently made it legal to add a housing unit to certain one- and two-family homes. But both city and state regulations will drastically limit construction, experts say. A state law ...
NYC vacancy rates are so low—and affordable housing is so sparse—that a super PAC has formed to elect politicians to build more homes Sydney Lake March 25, 2024 at 11:50 AM
HARLEM, Manhattan (PIX11) – A new affordable housing lottery is open for an apartment building in Harlem. The affordable housing lottery is for Ray Harlem, a building located at 2035 5th Ave ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Home construction in New York City lags far behind other major American cities. [4] From 2010 to 2023, housing supply in the city increased by 4% while jobs increased by 22%; [4] however, 973,000 workers commuted into the city from its suburbs as of 2019, [5] as employment in New York City
Bronx River Houses is a low-income public housing project in the Soundview section of the Bronx, New York City.It consists of nine buildings with 1,260 apartments. Completed February 28, 1951, the 13.94-acre (5.64 ha) Bronx development is bordered by East 174th Street, Harrod, and Bronx River Avenues.
New York's rent prices grew 3.5% between August 2023 and August 2024 — about the same as the previous year's 3.4%, according to Zillow. It's also in line with the national increase in rents over ...
New York City's 80/20 housing program was created in 1985 and has financed developments in New York that meet the parameters ever since. Compared to market rate units in the same area, the affordable units in 80/20 developments had a disproportionately high number of women, single parent households, households with multiple children and minorities.