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FEB 15, 2013 - Gothamist

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NYC's "Affordable" Housing Isn't Really Affordable, Report Finds

As the race to Gracie Mansion heats up, two important and related issues are increasingly taking center stage: income disparity and housing. Mayoral candidates keep talking about helping the middle class (well, what is left of it) and building more affordable housing—but what does that mean? In 2002, Mayor Bloomberg announced his New Housing Marketplace Plan (NHMP), and recently he said they are on track to create or preserve "more than 130,700 units of affordable housing across the five boroughs." Shouldn't that be enough? Not if those affordable units aren't, you know, affordable. [ ... Read More

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