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Measuring affordable housing is tricky. Different organizations look at different things: some at buying homes, others at renting apartments. Many U.S. studies, for example, only consider the average rent of a two-bedroom apartment, regardless of location or quality. This can make housing look more expensive than it actually is for many people.
Several federal and state initiatives have targeted this problem, but have failed to provide enough affordable, inclusive, and sustainable housing for New York City residents. The demand for affordable housing in New York City remains high: 2.5 million applications were submitted for 2,600 available affordable apartments in 2016. [63]
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
Costco is building apartments above its stores to address the affordable housing crisis, starting early this year. Walking downstairs and getting a $1.50 hot dog gives new meaning to "affordable ...
With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes. ... Australia PM launches affordable ...
To find the most affordable ZIP codes for renters, CashNetUSA compared the average household incomes and annual rent costs in each U.S. ZIP code, and found the areas where rents cost the lowest ...
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