A decade or two ago, the market was not strong enough for new market-rate development to work in East New York; today it does. And with low interest rates, you see lots of market-rate construction that is affordable to people making roughly an average income for New York City.
By creating ownership, you are giving moderate income residents a financial stake in their neighborhoods, so they benefit from the improvement rather than be hurt by it.
The city will not tolerate residents living in inhuman conditions.
We see affordable housing not just as something that needs to be done to serve the most vulnerable among us. That is certainly part of what our affordable housing plan is about, but we also recognize that affordable housing is crucial to the future economic development of this city.
What's really different here is that we are changing the rules. We're saying the developer who wins is the one with the most affordability.
What's really different here is that we are changing the rules. We're saying the developer who wins is the one with the most affordability.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.